0023 GMT - South Korea's benchmark Kospi rises 0.8% to 2517.70 in early trade as semiconductor, shipbuilding, and financial stocks advance. Easing U.S. inflation fears after a softer-than-expected reading of producer prices for December help support investor sentiment. Foreign and institutional investors are net buyers. Samsung Heavy Industries rises 7.5%, leading a broad rally in local shipbuilding shares. Memory-chip maker SK Hynix gains 2.3%. Shinhan Financial Group adds 2.8%. USD/KRW is 0.2% lower at 1,459.85, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is down 0.3 bps at 2.841%.(kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 19:23 ET (00:23 GMT)
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