Asian markets surged today, fueled by Wall Street’s gains and a surprise U.S. Treasury move to buy long-term bonds—aimed at cooling soaring yields and calming investor nerves. South Korea’s Kospi rocketed 6% led by Samsung (up 9%) and SK Hynix (up 14%) after a major buyback announcement. Japan’s Nikkei rebounded over 1%. Oil edged higher on Iran tensions, while the dollar climbed against the yen and the euro dipped slightly.

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