Asia
South KoreaSouth Korea's 30-year bond yield hits record high amid inflation fears
South Korea's 30-year government bond yield reached a historic high of 4.67%, driven by rising oil prices due to Middle East geopolitical tensions and signals from the Bank of Korea regarding potential interest rate hikes to combat inflation.
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South Korea's 30-year bond yield hits record high amid inflation fears
First report 23h agoLast update 3h agoRising oil prices and geopolitical tensions are exerting inflationary pressure on South Korea's import-dependent economy, leading to a historic high in 30-year bond yields.
The Bank of Korea is signaling a potential tightening of monetary policy, including interest rate hikes, to address persistent inflation risks despite strong economic growth.
South Korea activates 'sidecar' mechanism to halt automatic stock orders
First report 3h agoLast update 3h agoThe activation of the sidecar mechanism is a rare intervention aimed at preventing an uncontrolled market collapse and mitigating widespread selling pressure.
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