South Korea's Kospi Falls 1.3%, Dragged by Shipbuilding, Steel, Battery Stocks -- Market Talk

Dow Jones

Mar 11, 2025

0700 GMT - South Korea's benchmark Kospi fell 1.3% to close at 2537.60, dragged by shipbuilding, steel and battery stocks. Wall Street's falls overnight weighed on sentiment. Foreign and institutional investors were net sellers after President Trump unnerved traders by refusing to rule out a recession. With new U.S. tariffs on steel and aluminum due to start Wednesday, steelmaker Posco Holdings and ship maker HD Korea Shipbuilding & Offshore Engineering lost 4.5% and 6.9%, respectively. Electric-vehicle battery maker LG Energy Solution slid 2.4% after Tesla's overnight retreat. USD/KRW settled 0.4% higher at 1,458.20 in Seoul onshore trading. South Korea's 10-year government bond yield was down 5.4 bps at 2.747%. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

March 11, 2025 03:00 ET (07:00 GMT)

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Wall Street's falls overnight weighed on sentiment. Foreign and institutional investors were net sellers after President Trump unnerved traders by refusing to rule out a recession. With new U.S. tariffs on steel and aluminum due to start Wednesday, steelmaker Posco Holdings and ship maker HD Korea Shipbuilding &amp; Offshore Engineering lost 4.5% and 6.9%, respectively. Electric-vehicle battery maker LG Energy Solution slid 2.4% after Tesla's overnight retreat. USD/KRW settled 0.4% higher at 1,458.20 in Seoul onshore trading. South Korea's 10-year government bond yield was down 5.4 bps at 2.747%. (kwanwoo.jun@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2025 03:00 ET (07:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korea's Kospi Falls 1.3%, Dragged by Shipbuilding, Steel, Battery Stocks -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korea's Kospi Falls 1.3%, Dragged by Shipbuilding, Steel, Battery Stocks -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-11 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0700 GMT - South Korea's benchmark Kospi fell 1.3% to close at 2537.60, dragged by shipbuilding, steel and battery stocks. Wall Street's falls overnight weighed on sentiment. Foreign and institutional investors were net sellers after President Trump unnerved traders by refusing to rule out a recession. With new U.S. tariffs on steel and aluminum due to start Wednesday, steelmaker Posco Holdings and ship maker HD Korea Shipbuilding &amp; Offshore Engineering lost 4.5% and 6.9%, respectively. Electric-vehicle battery maker LG Energy Solution slid 2.4% after Tesla's overnight retreat. USD/KRW settled 0.4% higher at 1,458.20 in Seoul onshore trading. South Korea's 10-year government bond yield was down 5.4 bps at 2.747%. (kwanwoo.jun@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2025 03:00 ET (07:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WPC.SI","symbol_name":"VALLIANZ HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518769151","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518769151","pubTimestamp":1741676400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0700 GMT - South Korea's benchmark Kospi fell 1.3% to close at 2537.60, dragged by shipbuilding, steel and battery stocks. Wall Street's falls overnight weighed on sentiment. Foreign and institutional investors were net sellers after President Trump unnerved traders by refusing to rule out a recession. With new U.S. tariffs on steel and aluminum due to start Wednesday, steelmaker Posco Holdings and ship maker HD Korea Shipbuilding & Offshore Engineering lost 4.5% and 6.9%, respectively. Electric-vehicle battery maker LG Energy Solution slid 2.4% after Tesla's overnight retreat. USD/KRW settled 0.4% higher at 1,458.20 in Seoul onshore trading. South Korea's 10-year government bond yield was down 5.4 bps at 2.747%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WPC.SI":"VALLIANZ HOLDINGS LTD"},"translate_title":"受造船、钢铁、电池股拖累，韩国综合股价指数下跌1.3%——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPC.SI":1},"content_text":"0700 GMT - South Korea's benchmark Kospi fell 1.3% to close at 2537.60, dragged by shipbuilding, steel and battery stocks. Wall Street's falls overnight weighed on sentiment. Foreign and institutional investors were net sellers after President Trump unnerved traders by refusing to rule out a recession. With new U.S. tariffs on steel and aluminum due to start Wednesday, steelmaker Posco Holdings and ship maker HD Korea Shipbuilding & Offshore Engineering lost 4.5% and 6.9%, respectively. Electric-vehicle battery maker LG Energy Solution slid 2.4% after Tesla's overnight retreat. USD/KRW settled 0.4% higher at 1,458.20 in Seoul onshore trading. South Korea's 10-year government bond yield was down 5.4 bps at 2.747%. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2025 03:00 ET (07:00 GMT)\n\n\n  Copyright (c) 2025 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":0,"need_auth":true,"code":"91000000","status":"200"}}}