Kospi opens lower despite falling oil prices, bond yields

Stocks opened lower Wednesday, led by losses in technology stocks, bucking easing concerns over dropping oil prices and bond yields.

The Kospi fell 77.14 points, or 1.11 percent, to 6,864.25 at the opening bell.

Global oil prices fell and bond yields declined from their multidecade highs.

Overnight, the Dow Jones Industrial Average rose 0.49 percent, while the tech-heavy Nasdaq Composite gained 0.45 percent to reach a record high.

Yonhap