0045 GMT - South Korea's benchmark Kospi falls 0.8% to 2527.37 in early trade, as shipbuilding, semiconductor and battery stocks retreat. Foreign and institutional investors are net sellers. HD Hyundai Mipo falls 5.0%, leading the broad decline among local shipbuilders. Memory-chip maker SK Hynix slides 3.6% on profit taking after solid recent gains, despite its strong earnings. Rival chip maker Samsung Electronics also loses 1.3%. EV battery maker LG Energy Solution is down 1.1%. USD/KRW is almost flat 1,437.00, compared with the prior session's Seoul onshore trading close of 1,437.60. South Korea's 10-year government bond yield is up 0.9 bps at 2.827%.(kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 19:46 ET (00:46 GMT)
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