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)
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