Asian stocks swung between gains and losses on Thursday as a deepening selloff in semiconductor shares extended losses in the US. Long end of Treasuries dropped, sending yields to their highest levels in almost two decades amid uncertainty over the Federal Reserve’s policy outlook.
The Kospi Index edged 0.8% higher after the government stepped up leveraged ETF curbs following a rout on Wednesday. Samsung Electronics Co. advanced after its earnings beat estimates. SK Hynix Inc. slipped.
