Japanese and South Korean stock markets open higher; chip stocks rally across the board. Samsung Electronics rises nearly 4%.

April 6, the stock markets in Japan and South Korea opened higher, international precious metals fell, and oil and Bitcoin rose.

As of 8:24 a.m. Beijing time, the Nikkei 225 index was up 0.73%. Chip and electronics stocks led the gains. Kioxia was up 1.9%, Keyence was up 2.0%. Advantest was up more than 2%, SoftBank Group was up 1.75%, and Rohm Semiconductor was up more than 1%.

The gains in the Korea Composite Stock Price Index (KOSPI) widened to 2%, currently at 5,487.59 points. Samsung Electronics was up nearly 4%, and SK hynix was up more than 2%.

Japanese government bonds, however, were hit by a sell-off, and the yield on the 10-year newly issued Japanese government bond briefly rose to 2.400%, the highest level since February 1999. The yield on the 5-year Japanese government bond rose by 2.0 basis points to 1.815%.

Cryptocurrencies rose. Market data shows that Bitcoin broke above $69,000 and was up nearly 3% over the past 24 hours; Ethereum rose 2.82%. According to CoinGlass data, over the past 24 hours, more than 70k people worldwide were liquidated in total, with a total liquidation amount of $252 million.

In the early trading session on April 6, international precious metals fell. As of the time of writing, spot gold and spot silver were both down more than 1%. For oil, WTI crude oil futures rose. As of the time of writing, they were up 0.83% at $112.47 per barrel.

(Source: 21st Century Business Herald)