World Shares Mixed on US Treasury Moves08/20 04:49

   European shares opened lower on Thursday after an advance in Asia, where 
South Korea's benchmark Kospi jumped nearly 6%.

   HONG KONG (AP) -- European shares opened lower on Thursday after an advance 
in Asia, where South Korea's benchmark Kospi jumped nearly 6%.

   U.S. futures edged lower after the U.S. Treasury Department said it would at 
least double the size of planned purchases of longer-term government debt.

   That could ease pressure on share prices coming from the bond market since 
the purchases would push bond prices higher, helping to bring down yields.

   Germany's DAX fell 0.6% to 25,938.92, while the CAC 40 in Paris slipped 0.1% 
to 8,491.06. Britain's FTSE 100 shed 0.3% to 10,713.50.

   In Asian trading, the Kospi surged 5.9% to 6,852.58. It tumbled 5.8% on 
Wednesday on renewed selling of shares related to artificial intelligence.

   Samsung Electronics jumped 9.5%, while memory chipmaker SK Hynix surged 
12.7% after the company announced a significant share buyback plan.

   Japan's Nikkei 225 gained 1.4% to 66,216.79, reversing declines earlier in 
the week. Japan reported it logged a trade deficit for a third straight month 
in July, as both imports and exports hit record highs.

   Shares of OpenAI investor SoftBank Group, a multinational investment holding 
firm and one of Japan's biggest companies, added 3.1%.

   Hong Kong's Hang Seng gained 0.8% to 25,698.49, while the Shanghai Composite 
index rose 0.2% to 3,903.72.

   Australia's S&P/ASX 200 was up 0.3% to 9,083.80.

   Taiwan's Taiex added 0.5% and India's Sensex climbed 0.7%.

   Yields on U.S. government bonds fell after the Treasury Department's 
announcement on its expanded plans for government debt buybacks. Bond yields 
fall when bond prices rise in an inverse relation.

   The move appeared to mollify investors worried over rising yields. On 
Wednesday, the benchmark S&P 500 climbed 0.2% for its first gain in four days. 
The Dow Jones Industrial Average added 0.2% and the technology-heavy Nasdaq 
composite also rose 0.2%.

   Yields have risen in recent months over growing concerns about inflation 
stemming from the monthslong war in Iran and ballooning government debt, among 
other factors.

   The yield on the U.S. 10-year Treasury fell to nearly 4.65% from 4.71% on 
Tuesday, although it's still well above its levels from before the start of the 
war in Iran. The 30-year Treasury yield fell to around 5.19% on Thursday, from 
5.28% on Tuesday.

   In Asia, bond yields also eased after the U.S. Treasury's announcement. 
Japan's 10-year government bond yield fell to around 2.85% from 2.95% on 
Tuesday. It has been trading near 30-year highs.

   In other dealings early Thursday, oil prices gained as there was little 
progress made in U.S.-Iran negotiations over the war. Brent crude, the 
international standard, surged 2.2% to $93.61 a barrel. It was trading at 
roughly $72 per barrel before the war.

   U.S. benchmark crude jumped 2.1% to $86.20 a barrel.

   The U.S. dollar rose to 158.53 Japanese yen from 158.16 yen. The euro was 
trading at $1.1683, down from $1.1677.