Asian Markets Rebound as Bond Selloff Pause Boosts Tech Stocks

The Asian markets bounced back on Thursday after a pause in the global bond selloff brought buyers back to South Korea and Japan. The KOSPI jumped 1.4% to 6,654.76, clawing back part of Wednesday's 3.99% plunge, while the Nikkei 225 edged about 0.1% higher to 64,374.

The lower Treasury and Japanese government bond yields eased pressure on technology valuations, while Brent crude slipped towards $95. Despite continued selling by foreign investors, who offloaded about 300 billion won of shares by late morning, institutions were modest net buyers.

Samsung Electronics gained 1.4% and SK Hynix rose about 1%, helping the technology-heavy KOSPI recover from a two-week low. Hyundai Motor advanced 1.5%, while LG Energy Solution jumped almost 5%.

The rebound came despite renewed expectations of tighter monetary policy in Japan, with UOB economists citing BOJ board member Hajime Takata's comments that left open the possibility of larger or back-to-back rate increases.