South Korean Stocks Rise 1.9% in Early Trading

Dow Jones
Aug 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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