South Korea's Kospi Rises 0.8%, Led by Defense, Shipbuilding, AI Chip Stocks -- Market Talk

Dow Jones11-22

0700 GMT - South Korea's benchmark Kospi rose 0.8% to close at 2501.24 as foreign and institutional investors were net buyers. The index gained 3.5% for the week. Defense, shipbuilding and artificial-intelligence chip stocks led the session's gains. Howitzer and aircraft-engine maker Hanwha Aerospace rose 6.5%. Shipbuilder HD Hyundai Heavy Industries advanced 3.7%. Power-plant and construction-equipment company Doosan Enerbility rose 5.7% after regulators confirmed its merger plans. Memory-chip maker SK Hynix added 4.7%, tracking its U.S. peers including Micron Technology. USD/KRW settled 0.3% higher at 1,401.80 in Seoul onshore trading. The South Korean 10-year government bond yield was up 0.1 bp at 2.979% (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 02:00 ET (07:00 GMT)

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The index gained 3.5% for the week. Defense, shipbuilding and artificial-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\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":"2485818702","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485818702","pubTimestamp":1732258800,"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 rose 0.8% to close at 2501.24 as foreign and institutional investors were net buyers. 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