South Korea's Kospi Drops 0.3% Amid Some Profit Taking After Recent Gains -- Market Talk

Dow Jones

2025/02/20

0013 GMT - South Korea's benchmark Kospi falls 0.3% to 2663.59 in early trade, as profit taking kicks in after a seven-session winning streak. Shipbuilding and defense stocks retreat after solid recent gains. Foreign and institutional investors are net sellers. Shipbuilder HD Hyundai Heavy Industries falls 5.2% as its intermediate holding company HD Korea Shipbuilding & Offshore Engineering drops 4.4%, losing ground after two straight sessions of gains. Defense company Hanwha Aerospace sheds 2.0%. USD/KRW is 0.2% higher at 1,441.25 in Seoul onshore trading. South Korea's 10-year government bond yield is down 0.5 basis point at 2.873%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

February 19, 2025 19:14 ET (00:14 GMT)

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Shipbuilding and defense stocks retreat after solid recent gains. Foreign and institutional investors are net sellers. Shipbuilder HD Hyundai Heavy Industries falls 5.2% as its intermediate holding company HD Korea Shipbuilding & Offshore Engineering drops 4.4%, losing ground after two straight sessions of gains. Defense company Hanwha Aerospace sheds 2.0%. USD/KRW is 0.2% higher at 1,441.25 in Seoul onshore trading. South Korea's 10-year government bond yield is down 0.5 basis point at 2.873%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 19:14 ET (00:14 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"}}}