0712 GMT - South Korea's benchmark Kospi rose 1.1% to close at 2481.69, led by defense and shipbuilding stocks. President Trump's delay in imposing tariffs on imports from Mexico and Canada eased trade-war fears to support sentiment, but concerns linger as China hit back against new U.S. tariffs on Chinese goods. Foreign and institutional investors were net buyers. Guided-missile maker LIG Nex1 climbed 8.6%. Shipbuilder Hanwha Ocean rose 6.7%. Chemical company LG Chem and steelmaker Posco Holdings fell 4.1% and 4.8%, respectively, after weak 4Q earnings. USD/KRW settled 0.3% lower at 1,462.90 in Seoul onshore trading. South Korea's 10-year government bond yield was up 1.5 bps at 2.850%. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 02:12 ET (07:12 GMT)
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