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Kospi Drops on Bond Fears and Saudi Attacks as Oil Nears $103
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CNBC TV18•12-10-2026, 07:05
Kospi Drops on Bond Fears and Saudi Attacks as Oil Nears $103
- •South Korea's Kospi fell 1.08% as investors worried about rising bond yields and potential interest rate hikes by the Bank of Korea.
- •Fresh Houthi drone and missile attacks on Saudi Arabia rattled regional markets and fueled fears of broader conflict disrupting energy supplies.
- •Brent crude traded near $103.51 a barrel after volatile sessions driven by supply concerns and tanker attacks near the Strait of Hormuz.
- •US stock futures edged higher as investors awaited crucial inflation figures and commentary from Federal Reserve officials.
Key Questions Answered
South Korea's Kospi fell 1.08% as investors weighed a bearish outlook for the local bond market with yields expected to resume rising, alongside regional investor rattled by fresh Houthi attacks on Saudi Arabia.
The Houthi strikes on Saudi Arabia and tanker attacks near the Strait of Hormuz sparked supply fears, pushing Brent crude to fluctuate around $103.51 a barrel and West Texas Intermediate to rise to $92.27 a barrel.
Traders are closely monitoring upcoming US consumer price data and an appearance by Federal Reserve Chair Kevin Warsh for hints on the pace of further interest rate hikes, after the 10-year US yield neared 5.4%.
