Seoul stocks open sharply lower on tech selloff
Seoul shares opened sharply lower Tuesday, following overnight losses in US technology shares, as investors remained cautious ahead of key events, including the upcoming earnings release from US chip giant Nvidia. After opening 2.4 percent lower, the benchmark Korea Composite Stock Price Index (Kospi) extended its loss
Asian markets extend rally as traders assess US Treasuries pledge
HONG KONG: Asian stocks edged higher on Friday (Aug 21) as investors assessed the US Treasury's move to push down long-term bond yields, while analysts warned that alone would not be enough to keep borrowing costs from spiking.Treasury Secretary Scott Bessent's pledge that he had more tools to provide support did littl
Bond yields plunge after Treasury announces surprise move to ease rising rates
Longer-term U.S. Treasury yields dropped sharply Wednesday after the Treasury Department announced that it would increase the size of its government debt repurchases by “at least double” in a surprise move.The yield on the 30-year Treasury bond plunged from 5.26% to as low as 5.18%. The 10-year yield, which has a heavy