0025 GMT - South Korea's benchmark Kospi edges 0.2% lower to 2532.63 in early trade as cosmetics and shipbuilding stocks retreat. Foreign and institutional investors are net sellers. Profit-taking is kicking in after three consecutive sessions of gains, amid caution ahead of Friday's U.S. nonfarm payrolls report, Kiwoom Securities says in a note. Beauty-product conglomerate Amorepacific Group falls 3.2% after weak 4Q results. Shipbuilder HD Hyundai Mipo slides 4.9%. Meanwhile, internet-platform giant Naver gains 0.4% after above-consensus 4Q earnings. USD/KRW is 0.1% lower at 1,445.90, compared with the prior session's Seoul onshore trading close. South Korea's 10-year government bond yield is down 2.2 bps at 2.796%. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 19:25 ET (00:25 GMT)
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