Stock Market LIVE: GIFT Nifty signals positive open; Kospi jumps 6%; Brent crude tops $92

The GIFT Nifty was trading higher, indicating a positive start to the day. MSCI's Asia Pacific index rose 1%, snapping a two-day losing streak. The index was boosted by a 6% advance in South Korea's Kospi.

Asian stocks and bonds gained as US plans to buy back longer-dated Treasuries to curb borrowing costs buoyed sentiment. The US dollar steadied after sliding to a three-month low. Benchmark indices in Japan and Australia also climbed.

Gold hovered near its highest level in more than two months after a surprise liquidity support announcement by the US Treasury pushed yields and the dollar lower. Spot gold was little changed at $2,512.19 per ounce. Brent crude topped $92.

Brief written by urgent.news from Business Standard IN, The Business Times - Companies & Markets, Hindu BusinessLine, The Economic Times - Top News — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.