South Korea's Kospi 0.9% Higher; Chip, Shipbuilding Stocks Advance -- Market Talk

Dow Jones

04-25

0028 GMT - South Korea's benchmark Kospi rises 0.9% to 2544.14 in early trade as semiconductor and shipbuilding stocks advance. Easing U.S. tariff concerns are supporting sentiment, with Seoul seeking to craft a trade package deal with Washington by early July, Kiwoom Securities analysts say in a note. Memory-chip maker SK Hynix rises 2.4%. Shipbuilder HD Hyundai Heavy Industries climbs 7.3%, leading a rally in local shipmakers. Meanwhile, Kakao falls 5.3% on SK Telecom's plan to dispose of its 2.4% stake in the mobile-internet company. USD/KRW is 0.2% lower at 1,432.25 in Seoul onshore trading. South Korea's 10-year government bond yield is up 2.5 bps at 2.623%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 20:28 ET (00:28 GMT)

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Easing U.S. tariff concerns are supporting sentiment, with Seoul seeking to craft a trade package deal with Washington by early July, Kiwoom Securities analysts say in a note. Memory-chip maker SK Hynix rises 2.4%. Shipbuilder HD Hyundai Heavy Industries climbs 7.3%, leading a rally in local shipmakers. Meanwhile, Kakao falls 5.3% on SK Telecom's plan to dispose of its 2.4% stake in the mobile-internet company. USD/KRW is 0.2% lower at 1,432.25 in Seoul onshore trading. South Korea's 10-year government bond yield is up 2.5 bps at 2.623%. 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Easing U.S. tariff concerns are supporting sentiment, with Seoul seeking to craft a trade package deal with Washington by early July, Kiwoom Securities analysts say in a note. Memory-chip maker SK Hynix rises 2.4%. Shipbuilder HD Hyundai Heavy Industries climbs 7.3%, leading a rally in local shipmakers. Meanwhile, Kakao falls 5.3% on SK Telecom's plan to dispose of its 2.4% stake in the mobile-internet company. USD/KRW is 0.2% lower at 1,432.25 in Seoul onshore trading. South Korea's 10-year government bond yield is up 2.5 bps at 2.623%. 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South Korea's 10-year government bond yield is up 2.5 bps at 2.623%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 20:28 ET (00:28 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,"code":"91000000","status":"200"}}}