0052 GMT - South Korea's benchmark Kospi reverses opening losses to rise 0.6% to 2432.26 in early trade, as shipping and airline stocks advance. The country's revised tax code, which scraps capital-gain taxes and delays taxing cryptocurrency assets until 2027, is supporting trader sentiment, Kiwoom Securities says in a note. Retail investors are net buyers. The upbeat mood is limited by political instability over the failed presidential attempt to impose martial law. Shipbuilder HD Hyundai Mipo rises 7.1%. Asiana Airlines gains 3.1%. USD/KRW is 0.5% higher at 1,434.15, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is down 3.2 bps to 2.645%.(kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 19:52 ET (00:52 GMT)
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