South Korea's KOSPI rises 0.6% as shipbuilding and semiconductor stocks gain

2025-03-13 00:38:52

South Korea's benchmark KOSPI index rose 0.6% to 2,590.70 points, with shipbuilding and semiconductor stocks rising. Market sentiment was boosted by easing concerns about U.S. inflation after the Labor Department released softer-than-expected consumer price data for February. Retail investors and institutional investors were net buyers. Marine engine maker HD-Hyundai Marine Engine rose 8.0% after winning a new contract. Hanwha Marine rose 4.7%, leading a broad rise in shipbuilding stocks. Memory chip maker SK Hynix rose 1.3%, tracking gains in U.S. semiconductor stocks overnight.

SK hynix

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