South Korea's Kospi 0.7% Higher; Battery, Shipbuilding Stocks Advance -- Market Talk

Dow Jones

2024-11-14

0126 GMT - South Korea's benchmark Kospi is up 0.7% to 2432.77 in early trade, as battery and shipbuilding stocks advance. Retail and institutional investors are net buyers. Battery maker LG Energy Solution rises 1.3% following a new energy-storage-system supply deal with U.S. renewable energy company Terra-Gen. Shipbuilder Hanwha Ocean gains 3.6%. The won's weakness against the U.S. dollar is easing after South Korea's finance minister warned against excessive volatility in the pair's trading. USD/KRW is flat at 1,406.15, compared with the prior session's Seoul onshore trading. The South Korean 10-year government bond yield is up 5.3 bps to 3.067%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

November 13, 2024 20:26 ET (01:26 GMT)

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Retail and institutional investors are net buyers. Battery maker LG Energy Solution rises 1.3% following a new energy-storage-system supply deal with U.S. renewable energy company Terra-Gen. Shipbuilder Hanwha Ocean gains 3.6%. The won's weakness against the U.S. dollar is easing after South Korea's finance minister warned against excessive volatility in the pair's trading. USD/KRW is flat at 1,406.15, compared with the prior session's Seoul onshore trading. The South Korean 10-year government bond yield is up 5.3 bps to 3.067%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 20:26 ET (01:26 GMT)\n\n\n  Copyright (c) 2024 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":1,"code":"91000000","status":"200"}}}