Kospi plunges nearly 3% on US bond yields hike
Feb 26, 2021
The South Korean key stock index dipped nearly 3 percent Friday, just managing to stay above 3,000 points. Affected by US inflation woes, foreign and institutional investors accelerated their selloffs of local shares. The main bourse Kospi began trading lower at 3,089.49 points then continuously moved downward throughout the day to close at 3,012.95 points, falling 2.8 percent from the previous session’s close. The index retreated below the 3,000-point threshold until around 3 p.m., but s