South Korean stocks bounced back slightly after a previous crash caused by concerns about high US Treasury yields. The benchmark Korea Composite Stock Price Index rose by 0.16 percent to close at 2,302.81. Trading volume was moderate, with gainers slightly outnumbering losers. Foreign investors sold a large amount of local shares, while retail investors and institutions bought shares. In the US, all three major stock indexes closed lower, mainly due to disappointing earnings from tech companies. However, data showed that the US economy grew by 4.9 percent in the third quarter. Investors are now watching to see if the Federal Reserve will continue to raise interest rates. Battery and tech stocks rebounded in the South Korean market, while auto shares declined. The local currency strengthened against the US dollar.

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By hassani

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