KOSPI Index Live: South Korean Shares Edge Lower on Profit-Taking as KOSPI Falls Toward 6,970; Check Why the Index Is Down Today, Latest KOSPI Price, Top Gainers, Losers & Market Trend

South Korean shares came under pressure as investors locked in gains after the recent rally, with the KOSPI moving lower despite a record close for the Nasdaq. Rising global bond yields also kept investors cautious about the outlook for interest rates.

The benchmark index had climbed sharply in recent weeks and remained close to the 7,000-point level, supported by strength in technology stocks and optimism around semiconductor demand.

Why is KOSPI falling today?

The decline was largely linked to profit-taking, particularly after recent gains in large-cap technology stocks. Higher US Treasury yields also weighed on sentiment. The US 10-year Treasury yield moved above 5.34%, raising concerns that interest rates could remain elevated for longer.

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At the same time, the record performance of the Nasdaq provided some support to South Korean chipmakers, limiting the broader decline in the market.