A currency trader passes by the screens showing the Korea Composite Stock Price Index , center, and the foreign exchange rate between the U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 5, 2023. Asian shares mostly rose Thursday, boosted by a cheaper yen that's a plus for exporting economies in the region, although it recovered slightly in Asian trading.
Japan's benchmark Nikkei 225 jumped 1.8% to finish at 31,075.36. Sydney's S&P/ASX 200 gained 0.5% to 6,925.50, while South Korea's Kospi was little changed, inching down less than 0.1% to 2,403.60. The Hang Seng index in Hong Kong gained 0.1% to 17,213.87. Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market. High yields undercut stock prices by pulling investment dollars away from stocks and into bonds. They also crimp corporate profits by making borrowing more expensive.
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