South Korea's Kospi index declines as chip stocks fall and government bond yields remain high

Glonghui, May 19｜Overnight weakness in US chip stocks dragged down their South Korean counterparts, while government bond yields continued to climb. Currently, the yield on South Korea's 10-year government bond is consolidating near its highest level in more than two years, after rising nearly 30 basis points to 4.23% last week. Investors are closely watching the latest rounds of wage negotiations between Samsung management and labor unions. The MSCI Asia-Pacific Index once rose by 0.3%.