South Korean Stocks Rise 1.9% in Early Trading

Dow Jones
08/10

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in South Korea climbed during early trading Monday, as the Kospi Composite Index gained 1.9% to 6376.72.

Among local companies with a market cap of at least 10 trillion South Korean won ($7.08 billion), LIG Defense&Aerospace is the biggest leader this morning, jumping 9.4%, and Alteogen jumped 7.9%. Korea Zinc rounds out the top three movers, as shares jumped 7.9%.

Shinhan Financial Group is the biggest early laggard, declining 3.5%, followed by shares of S-Oil, which fell 3.4%. Shares of Meritz Financial Group dropped 2.8%.

The dollar strengthened 0.3% against the won to 1,412.07 won.

In the bond markets, the 10-year South Korean government bond yield held steady at 4.220%.

Data source: Dow Jones Market Data, FactSet

 

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