Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK Hynix’s buyback announcement. Global bonds had experienced a selloff due to inflation and debt concerns. Investors are also reviewing Federal Reserve meeting minutes for inflation outlooks.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting