Copper swung between gains and losses as investors weighed signs of improvement in the U.S. economy against concern the Federal Reserve may start trimming its stimulus sooner than estimated. Nickel rose for a third day.
South Korea’s bonds fell for a sixth week, pushing the five-year yield to the highest level since June, as an improving U.S. economy added to concern the Federal Reserve will cut stimulus. The won was little changed.
South Korea’s bonds fell, pushing the five-year yield to the highest level since June, as foreign investors cut holdings of local stocks in preparation for a reduction in stimulus by the Federal Reserve.
South Korea’s three-year bond yield retreated from a five-month high and the won was steady as investors waited for clues on when the U.S. will start to trim stimulus that has inflated emerging-market asset prices.
South Korea’s won fell the most in more than a week after a U.S. manufacturing gauge rose to the highest level since 2011, bolstering the case for the Federal Reserve to rein in stimulus. Government bonds were steady.
South Korea’s bonds fell, pushing the three-year yield to the highest level since June, as data showing the economy is improving increased demand for riskier assets. The won climbed for the second day.
South Korea’s won is set to advance for the fifth straight month, the longest rally since 2007, on optimism the nation will attract foreign funds as the economy heads for the fastest growth since 2010. Government bonds fell.