Global stock markets were mixed on Thursday as Wall Street remained closed to honor the late former President Jimmy Carter. The U.S. stock market was closed Thursday in observance of a National Day of Mourning for Carter who died at the age of 100 late last month.

South Korean stocks opened higher Wednesday, despite Wall Street losses, on gains of tech and pharmaceuticals. The benchmark Korea Composite Stock Price Index added 10.71 points, or 0.43 percent, to 2,

People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.

Kwanwoo Jun is a reporter for The Wall Street Journal’s real-time news team ... Before moving to Singapore, Kwanwoo was a Seoul-based WSJ reporter. Previously, he worked as a staff reporter ...

Seoul shares opened higher Tuesday after a mixed close on Wall Street, helped by gains in techs and shipbuilders. The benchmark Korea Composite Stock Price Index rose 7.98 points, or 0.32 percent, to 2,

People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.

Han Youngsoo chronicled the postwar transformation of mid-century Seoul, complicating popular depictions of that era as one solely of deprivation and hardship.

Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.

Authorities detained the impeached Yoon Suk Yeol, a move some say prolongs the divisions that have racked South Korea since he declared martial law last month.

The development, which followed a failed arrest attempt earlier in January, deepens the fallout from his short-lived declaration of martial law last month.

Asian shares mostly rose, driven by positive updates on Wall Street and Japan's wholesale prices, prompting speculation on interest rate hikes.

Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.