0027 GMT - South Korea's benchmark Kospi edges 0.2% higher to 2476.29 in early trade, as shipping and shipbuilding stocks advance. Trading remains lackluster, with large-cap stocks such as Samsung Electronics and Hyundai Motor nearly flat. While foreign and institutional investors are net sellers, retail investors remain net buyers. Shipping companies HMM and Pan Ocean rise 6.3% and 3.1%, respectively, amid market hopes for solid 1Q earnings. Shipbuilder HD Hyundai Mipo gains 1.0%. USD/KRW is almost flat at 1,419.30 in Seoul onshore trading. South Korea's 10-year government bond yield is up 1.6 bps at 2.645%. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 20:27 ET (00:27 GMT)
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