US Treasury Moves to Buy Back Long-Dated Debt, Asia-Pacific Stocks and Bonds Rally, KOSPI Gains Expand to 5%

News of the US Treasury buying back long-dated debt lifted global market sentiment. Asia-Pacific stocks strengthened accordingly, with the MSCI Asia-Pacific Index up 1% and South Korea's KOSPI expanding gains to about 5%, while SK Hynix rose over 8% after announcing a buyback. Analysts noted that the logic behind this operation is similar to the Federal Reserve's "Operation Twist," which could help boost risk assets in the short term.