EN Home › Market Briefing · published Oct 29, 2026 morning (KST) · prices as of 2026-10-28 close한국어

US 10Y 5.05%, KOSPI 200 surges: Oct 29 Korea market briefing

In yesterday's markets (as of October 28), the KOSPI 200 jumped 7.41%, and the US 10-year Treasury yield rose 6.0bp to 5.05%, moving above 5%. Major stock markets mostly rose, and the dollar was also stronger. Today's variables to watch are whether the US 10-year Treasury yield holds above 5% and how the situation in the Middle East shows up in oil prices.

Yesterday's closes

Indicator	Close	Change	%
USD/KRW10-27	1,327.0	+1.0	+0.08%
Dollar Index10-28	102.35	+0.15	+0.15%
USD/JPY10-28	158.15	+0.41	+0.26%
US 10Y Yield10-28	5.050%	+6.0bp	-
Korea 3Y Yield10-28	3.799%	+4.1bp	-
KOSPI 20010-28	946.40	+65.33	+7.41%
Nasdaq 10010-28	29,813.16	+161.72	+0.55%
Nikkei 22510-28	63,954.19	+685.82	+1.08%
Hang Seng10-28	23,094.83	+53.51	+0.23%
DAX10-28	25,704.02	+113.25	+0.44%
WTI Crude10-27	99.90	-1.86	-1.83%
Gold10-27	4,074.60	+36.20	+0.90%
Bitcoin10-29	81,301	+427	+0.53%

The date next to each indicator is the trading day of that close. Bitcoin is the spot price at publication (7am KST). Yield changes are in bp (0.01 pp).

FX & Rates

The US 10-year Treasury yield rose 6.0bp to 5.050% from 4.990% the previous day. That moved it above 5% and puts it higher than its 100-day average of 4.781%. The Korea 3-year yield also rose 4.1bp to close at 3.799%, so yields went up both in Korea and abroad. The Dollar Index rose 0.15% to 102.35, and USD/JPY rose 0.26% to 158.15 yen per dollar, showing a stronger dollar. USD/KRW closed at 1,327.0 won per dollar on October 27, up 1.0 won from the previous day but 6.53% below its 100-day average of 1,419.7. Because the won rate is the previous day's close, it may not yet reflect yesterday's stronger dollar and higher yields.

Equities

The KOSPI 200 closed at 946.40, up 65.33 points from the previous day, a one-day jump of 7.41%. Even so, it is still 14.86% below its 100-day average of 1,111.64. The Nikkei 225 rose 1.08% to 63,954.19, and the Hang Seng rose 0.23% to 23,094.83. The Nasdaq 100 closed up 0.55% at 29,813.16, and Germany's DAX closed up 0.44% at 25,704.02, so US and European stocks were also higher. The source data do not show what specifically caused the KOSPI 200 jump, so today's investor flows and trading value are worth checking alongside it.

Commodities & Crypto

WTI crude fell 1.83% from the previous day to close at 99.90 dollars per barrel on October 27, slipping below 100 dollars. Even so, it is 16.02% above its 100-day average of 86.11 dollars, so oil prices remain high. On the same day, gold rose 0.90% to 4,074.60 dollars per ounce, 4.23% below its 100-day average of 4,254.73 dollars. As of 7:00 a.m., Bitcoin was at 81,301 dollars, up 0.53% from the previous day.

News and Markets

Tensions in the Middle East rose as Yemen's Houthi rebels attacked Saudi airports and oil pipelines and the war with Iran dragged on. This news is a variable tied directly to concerns about oil supply. However, the WTI price in the market table is the October 27 close, so it does not yet reflect the October 28 news. In Israel's general election, neither bloc won a majority, and the resulting political instability is another geopolitical variable linked to concerns that the Iran war could resume. AI company Anthropic's IPO filing is news related to sentiment toward AI investment, but nothing in the source data confirms it as the cause of yesterday's rise in the Nasdaq 100. News of Korea's stronger-than-expected third-quarter growth is a macro indicator for Korean interest rates and stocks. However, the data do not confirm any direct link between it and yesterday's rise in the Korea 3-year yield or the KOSPI 200 jump.

What to Watch Today

First, check whether the US 10-year Treasury yield holds above 5%. Second, watch how much of yesterday's stronger dollar shows up in USD/KRW. How WTI crude moves once the news of the Houthi attacks on Saudi Arabia is priced in is another variable to watch. Progress in Israel's coalition talks and the possibility of a new election are indicators for gauging risk in the Middle East. With the US midterm elections approaching, polls and disputes over vote counting are issues to keep checking, as is Anthropic's listing schedule, planned for next month. Another indicator to watch is how much of its big gain the KOSPI 200 keeps.

Yesterday's key world news

Israel's election leaves neither bloc with a majority, plunging politics into turmoil· Geopolitics
Neither bloc won the 61 seats needed for a majority in Israel's general election, and vote tallies vary, with roughly 53 seats for the opposition and about 50 for Netanyahu's camp. Difficult coalition talks and a possible new election are raising concerns that the Iran war could resume.
Houthi attacks on Saudi Arabia and a prolonged Iran war raise Middle East tensions· Geopolitics
Yemen's Houthis attacked Saudi airports and oil pipelines with missiles and drones. European natural gas prices topped 97 euros per MWh, about three times their prewar level, and the cost of the US war against Iran has passed 47 billion dollars, deepening the energy crisis.
Brazil's Lula wins another term as defeated Bolsonaro leaves for the US· Politics
President Lula won re-election in Brazil's presidential runoff, while the defeated Flávio Bolsonaro, who was under investigation, left the country after receiving a US visa. Together with Trump's claims of election fraud, this is raising concerns about a diplomatic conflict between the US and Brazil.
Anthropic files for what could be the largest IPO ever· Economy & Markets
AI company Anthropic filed IPO papers ahead of a planned Wall Street listing next month, with a valuation of 1.5 trillion to 2 trillion dollars being mentioned and first-half revenue of 16 billion dollars. It could be the largest IPO in history and is expected to shape sentiment toward AI investment.
Russia and Ukraine agree to a local ceasefire as peace talks move behind the scenes· Geopolitics
Russia and Ukraine began a humanitarian ceasefire in Oleshky, in the Kherson area, and the presidents of Norway and Finland spent an hour and a half discussing peace talks with Putin. Disagreements within the West have also come to light, so attention is on where the talks go next.

Full country-by-country summaries for Oct 28, 2026 (Korean) →

US 10-year Treasury yieldUSD/KRW exchange rateKOSPI 200Nasdaq 100WTI crude oil priceDollar IndexKorea 3-year yieldBitcoin price

This briefing is an automated summary of public market data and news-broadcast summaries from several countries, for information only — not investment advice. Figures follow the table's source data; markets may have moved since publication.