Global Market: South Korean Shares Surge 6% as Chip Stocks Rebound

Treasury Gains Extend, Lift Asian Stocks and Bonds: Markets Wrap

(Bloomberg) -- Treasuries extended gains fueled by US plans to buy back longer-maturity debt, boosting sentiment and lifting Asian bonds and stocks. The dollar steadied after sliding to a three-month low.

Global Market: South Korean shares surge 6% as chip stocks rebound

South Korean shares surged over 6%, led by chipmakers SK Hynix and Samsung Electronics, after a steep previous-session selloff. The KOSPI triggered a volatility curb, while foreign investors bought shares. Broader gains included Hyundai Motor, Kia and LG Energy Solution. The won weakened, while Korean bond yields showed mixed movement across maturities.

Global Market Today: Asian stocks rise after bond rally, dollar steady

Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK Hynix's buyback announcement. Global bonds had experienced a selloff due to inflation and debt concerns. Investors are also reviewing Federal Reserve meeting minutes for inflation outlooks.

Kospi Index rebounds as EWY ETF inflows surge, Samsung and SK Hynix lead gains

The Kospi Index and the iShares MSCI South Korea ETF (EWY) rebounded as sentiment in the market improved following the Treasury Department's intervention in the bond market. It jumped by over 6% on Thursday, reaching a high of 6,874 points, while EWY rose to $180. EWY's inflows have surged in the past month. South Korean stocks jump after US intervention The Kospi Index jumped after the latest US intervention in the bond market. Scott Bessent in…

SK Hynix Up 12%, Samsung Up 9%: Why US Bonds Move Korean Chips

SK Hynix jumped 12% and Samsung Electronics gained 8.9% on Thursday, pushing South Korea's Kospi up 6.13%. The rally didn't start with a chip headline. It started with the US bond market, which has experienced volatility in recent days. Not to mention the highly volatile Korean markets, driven by a...