South Korean stocks rise as chip gains offset elevated Treasury yields

  • Asian equities and South Korea’s KOSPI rebounded as semiconductor shares and easing oil prices supported sentiment.
  • The MSCI Asia Pacific Index rose 0.6%, while reported KOSPI readings reached 6,938.92, up 0.99%, and later 6,888.43, up 0.26%.
  • Investors continued to weigh chip-sector gains against elevated U.S. Treasury yields, Federal Reserve policy uncertainty and currency pressure.

Asian equities rebounded after a two-day decline as technology shares and easing oil prices supported sentiment, with the MSCI Asia Pacific Index rising 0.6%. South Korea’s KOSPI opened 1.06% higher before paring gains; intraday reports recorded it at 6,938.92, up 68.11 points or 0.99%, and later at 6,888.43, up 17.62 points or 0.26%, reflecting different market snapshots. Semiconductor shares followed a 1.3% to 1.32% overnight gain in the Philadelphia Semiconductor Index, although Samsung Electronics and SK hynix posted mixed moves in the later reading. Elevated U.S. Treasury yields, Federal Reserve policy uncertainty and a weaker won continued to constrain sentiment.

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