Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, with markets in South Korea surging over 6 percent. Positive sentiment from easing treasury yields after the US Treasury Department announced upscaled buyback operations for longer-term debt was partially offset by another jump in crude oil prices that raised global inflation worries. Asian markets closed mostly lower on Wednesday.
The minutes of the US Fed’s latest monetary policy meeting revealed many officials believe an increase in interest rates would likely be necessary due to partly the recent re-escalation of the conflict in the Middle East.
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Asian Markets Trade Mostly Higher
2026-08-20 03:24:45
