Asian Shares Gain, with South Korea's Kospi up 6%, After the US Treasury Expands Its Debt Buybacks
- On Thursday, Asian shares advanced, tracking Wall Street gains, after the U.S. Treasury Department announced it would at least double planned purchases of longer-term government debt.
- Yields had risen in recent months over inflation concerns stemming from the war in Iran and ballooning government debt, pressuring share prices amid market volatility.
- Samsung Electronics climbed 9.7% and SK Hynix surged 14.1% after announcing a share buyback plan, lifting the Kospi to 6.1% gains; Japan's Nikkei 225 added 1.3%.
- Treasury bond yields fell as bond prices rose, with the 30-year Treasury yield dropping to 5.18% on Thursday from 5.28% on Tuesday, easing market pressure.
- Elsewhere in the region, Hong Kong's Hang Seng rose 1.1% and Australia's S&P/ASX 200 added 0.3%, while Brent crude gained 0.3% to $91.90 a barrel amid U.S.-Iran negotiations.
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44 Articles
The Asian bags advanced this Thursday, following the gains of Wall Street, with the main index of South Korea, Kospi, jumping almost 6%. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
Yakima Herald-Republic
World shares are mixed after US Treasury expands debt buybacks, while Brent crude gains 2.2%
European shares have opened lower after an advance in Asia, where South Korea’s benchmark Kospi gained nearly 6%. U.S. futures were mixed after the U.S. Treasury Department said it would at least double the size of its planned purchases of…
The Daily Advance
Asian shares advance, led by a nearly 6% gain for South Korea's Kospi
Shares are higher in Asia and South Korea’s benchmark Kospi has gained nearly 6%. U.S. futures were mixed after the U.S. Treasury Department said it would at least double the size of its planned purchases of longer-term government debt. South…
(Seoul = Yonhap News) Reporter Lim Eun-jin = The KOSPI surged nearly 6% on the 20th due to SK Hynix's [000660] large-scale shareholder returns and the stabilization of U.S. Treasury yields...
Asian markets rise as falling US yields and tech surge fuel regional g
Asian stock markets traded mostly higher on Thursday, following overnight gains on Wall Street as global bond yields pulled back. Yields eased after the US Treasury announced plans to more than double its buybacks of
The US Treasury Department's surprise decision to at least double its long-term debt repurchases gave a boost to markets
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