South Korea's Kospi Edges Up 0.1%; Energy, Shipbuilding Stocks Lead Gains -- Market Talk

Dow Jones

2024/11/19

0655 GMT - South Korea's benchmark Kospi edged up 0.1% to close at 2471.95, led by energy and shipbuilding stocks. Institutional investors were net buyers. Oil refiners SK Innovation and S-Oil rose 10% and 5.8%, respectively, as benchmark crude oil futures were higher in Asian trade on supply outage concerns and geopolitical risks. Shipbuilder HD Hyundai Mipo gained 6.6% and its intermediate holding company HD Korea Shipbuilding & Offshore Engineering added 2.5%. Meanwhile, index heavyweight Samsung Electronics fell 0.7%, reversing early gains. USD/KRW settled 0.3% lower at 1,390.90 in Seoul onshore trading. The South Korean 10-year government bond yield was down 1.8 bps at 3.045%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

November 19, 2024 01:55 ET (06:55 GMT)

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(kwanwoo.jun@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 01:55 ET (06:55 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WPC.SI","symbol_name":"VALLIANZ HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484967518","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484967518","pubTimestamp":1731999300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0655 GMT - South Korea's benchmark Kospi edged up 0.1% to close at 2471.95, led by energy and shipbuilding stocks. 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Institutional investors were net buyers. Oil refiners SK Innovation and S-Oil rose 10% and 5.8%, respectively, as benchmark crude oil futures were higher in Asian trade on supply outage concerns and geopolitical risks. Shipbuilder HD Hyundai Mipo gained 6.6% and its intermediate holding company HD Korea Shipbuilding & Offshore Engineering added 2.5%. Meanwhile, index heavyweight Samsung Electronics fell 0.7%, reversing early gains. USD/KRW settled 0.3% lower at 1,390.90 in Seoul onshore trading. The South Korean 10-year government bond yield was down 1.8 bps at 3.045%. 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