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

Dow Jones

Feb 20, 2025

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 &amp; 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%. 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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 &amp; 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</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 19:14 ET (00:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"2512451880","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512451880","pubTimestamp":1740010440,"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":"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. 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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"}}}