Overview

• The benchmark KOSPI rebounded from an initial 0.08% drop to gain 0.95%, reaching 2,882.98 by midmorning on June 10.
• Foreign investors net purchased approximately 330.3 billion won of local shares during the opening hours.
• Hanwha Aerospace shares jumped 7.39% after U.S. regulators approved its plan to acquire Australian shipbuilder Austal.
• Other defense and shipbuilding firms led the market, with Hanwha Ocean up 2.51% and HD Korea Shipbuilding rising 4.98%.
• The won strengthened to about 1,358.5 per U.S. dollar, marking a firmer finish compared with the previous session.