Seoul Shares Open Higher as US Bond Yields Retreat
Seoul shares opened significantly higher, with gains over 3%, following a retreat in US bond yields. This market reaction indicates investor optimism in response to the changing bond market conditions.
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Seoul shares open higher as US bond yields retreat
Seoul shares opened higher Thursday, tracking overnight gains on Wall Street as US Treasury yields eased on plans for increased debt buybacks. After opening 3.23 percent higher, the benchmark Korea Composite Stock Price Index pared some of its early gains, adding 197.28 points, or 3.05 percent, to 6,668.45 as of 9:15 a.m. The index plunged nearly 6 percent the previous session on tech sell-offs amid woes over rising bond yields. Overnight, Wall Street's major indexes closed higher as US Treasury
By The Korea Herald
Read full article →(LEAD) Seoul shares open higher as U.S. bond yields retreat
SEOUL, Aug. 20 (Yonhap) -- Seoul shares opened higher Thursday, tracking overnig...
By Kim Eun-jung
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