South Korean Stocks Rise 3.0% in Morning Trading

Dow Jones11-04

Stocks in South Korea climbed during early trading Wednesday, as the Kospi Composite Index gained 3.0% to 5817.08.

Among local companies with a market cap of at least 10 trillion South Korean won ($7.44 billion), Hyosung Heavy Industries is the biggest leader this morning, surging 7.6%, and Doosan jumped 7.0%. SK Square rounds out the top three movers, as shares jumped 5.6%.

Alteogen is the biggest early laggard, falling 3.5%, followed by shares of Samsung Biologics, which dropped 1.9%. Shares of Hanjin KAL fell 1.7%.

The dollar weakened 0.1% against the won to 1,343.83 won.

In the bond markets, the 10-year South Korean government bond yield declined 3 basis points to 4.010%.

Data source: Dow Jones Market Data, FactSet

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