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

Dow Jones

2024-12-18

0013 GMT - South Korea's benchmark Kospi rises 0.7% to 2473.79 in early trade, as retail and shipbuilding stocks advance. Foreign and institutional investors are net buyers. Bargain hunting is kicking in after recent losses, Kiwoom Securities says in a note. Gains are capped by investor caution ahead the Federal Reserve's rate decision. Retail company E-mart is 3.0% higher. Shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean are up 3.3% and 2.3%, respectively. USD/KRW is 0.1% lower at 1,437.95, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is up 6.9 basis points at 2.790%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

December 17, 2024 19:13 ET (00:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Foreign and institutional investors are net buyers. Bargain hunting is kicking in after recent losses, Kiwoom Securities says in a note. Gains are capped by investor caution ahead the Federal Reserve's rate decision. Retail company E-mart is 3.0% higher. Shipbuilders HD Hyundai Heavy Industries and Hanwha <a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> are up 3.3% and 2.3%, respectively. USD/KRW is 0.1% lower at 1,437.95, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is up 6.9 basis points at 2.790%. 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Foreign and institutional investors are net buyers. Bargain hunting is kicking in after recent losses, Kiwoom Securities says in a note. Gains are capped by investor caution ahead the Federal Reserve's rate decision. Retail company E-mart is 3.0% higher. Shipbuilders HD Hyundai Heavy Industries and Hanwha <a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> are up 3.3% and 2.3%, respectively. USD/KRW is 0.1% lower at 1,437.95, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is up 6.9 basis points at 2.790%. 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Foreign and institutional investors are net buyers. Bargain hunting is kicking in after recent losses, Kiwoom Securities says in a note. Gains are capped by investor caution ahead the Federal Reserve's rate decision. Retail company E-mart is 3.0% higher. Shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean are up 3.3% and 2.3%, respectively. USD/KRW is 0.1% lower at 1,437.95, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is up 6.9 basis points at 2.790%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 17, 2024 19:13 ET (00:13 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}}}