Kospi swings as US rate fears return

The South Korean benchmark Kospi steadied after retreating sharply in early trading Monday as concerns over rising US interest rates prompted investors to offload shares. The Kospi stood at 6,795.65 as of 2:30 p.m., up 0.1 percent from the previous session, according to the Korea Exchange. The index fell as much as 3.55 percent to 6,547.76 shortly after the opening bell before paring some of its losses. Its intraday high was 6,808.07 as of press time. Foreign investors offloaded 919.7 billion wo