South Korea's Kospi Rises 1.3% as Shipbuilding, Battery, Chip Stocks Advance -- Market Talk

Dow Jones

2025/01/03

0026 GMT - South Korea's benchmark Kospi is up 1.3% to 2429.42 in early trade, as shipbuilding, battery, and artificial-intelligence chip stocks advance. Foreign and institutional investors are net buyers. HD Hyundai Heavy Industries gains 4.0% after setting an upbeat 2025 target of $12.58 billion for new contract wins. Electric-vehicle battery maker LG Energy Solution is 3.3% higher. Battery-material supplier Posco Future M rises 6.4%. Chip maker SK Hynix adds 2.7%. USD/KRW is 0.1% higher at 1,467.35, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is down 10.6 bps at 2.749%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

January 02, 2025 19:26 ET (00:26 GMT)

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Foreign and institutional investors are net buyers. HD Hyundai Heavy Industries gains 4.0% after setting an upbeat 2025 target of $12.58 billion for new contract wins. Electric-vehicle battery maker LG Energy Solution is 3.3% higher. Battery-material supplier Posco Future M rises 6.4%. Chip maker SK Hynix adds 2.7%. USD/KRW is 0.1% higher at 1,467.35, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is down 10.6 bps at 2.749%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 02, 2025 19:26 ET (00:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}