Asian stock markets rose, boosted by the US plan to repurchase long-term treasury bonds to curb borrowing costs. Among them, the Korea Composite Index closed up 381.41 points, or 5.89%, to 6852.58 points. Samsung Electronics surged more than 9%, and SK Hynix surged more than 12%. The price of US Treasury bonds rose after the US Treasury announced plans to increase repurchases of 10-30 year bonds to curb Treasury yields, which had climbed to decades-high levels. According to individual stock news, Samsung Electronics plans to hold a board of directors meeting within August to determine and announce a shareholder return plan of 100 trillion won, making it the largest shareholder return plan in the history of a Korean company. This is another historically high level of shareholder return policy following SK Hynix's announcement the day before to buy back and cancel 40 trillion won of treasury stock.

Asian stock markets rose, boosted by the US plan to repurchase long-term treasury bonds to curb borrowing costs. Among them, the Korea Composite Index closed up 381.41 points, or 5.89%, to 6852.58 points. Samsung Electronics surged more than 9%, and SK Hynix surged more than 12%. The price of US Treasury bonds rose after the US Treasury announced plans to increase repurchases of 10-30 year bonds to curb Treasury yields, which had climbed to decades-high levels. According to individual stock news, Samsung Electronics plans to hold a board of directors meeting within August to determine and announce a shareholder return plan of 100 trillion won, making it the largest shareholder return plan in the history of a Korean company. This is another historically high level of shareholder return policy following SK Hynix's announcement the day before to buy back and cancel 40 trillion won of treasury stock.