FINWIRES · TerminalLIVE
FINWIRES

South Korean Shares Snap Three-Day Winning Streak Amid IRGC Threats

-- South Korean shares snapped a three-day winning streak on Friday to close lower as escalating threats from Tehran overshadowed US President Donald Trump's talk of an imminent peace deal.

The Korea Composite Stock Price Index or Kospi fell 34.13 points, or 0.6%, to end at 6,191.92. The Kosdaq increased by 7.07 points, or 0.6%, to close at 1,170.04.

In economic news, the U.S. dollar accounted for 84.2% of export settlement for South Korea in 2025, marking the East Asian country's largest export settlement currency for the year, the Bank of Korea said in a Thursday release.

The euro represented 5.9%, the South Korean won took up 3.4%, and the Japanese yen represented 1.9% of the country's export settlement currencies last year, the release said.

In corporate news, HD Korea Shipbuilding & Offshore Engineering (KRX:009540) secured an order for four very large gas carriers (VLGCs) from an unnamed Middle Eastern shipping company.

The deal is valued at 674.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029, according to a Friday filing with the Korean Exchange.

Shares of HD Korea Shipbuilding & Offshore Engineering rose nearly 3% at market close.

Related Articles

Asia

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

$HKG:1988$SHA:600016
International

Huafon Chemical's Attributable Profit Jumps 33% in Q1

Huafon Chemical's (SHE:002064) attributable profit rose 33% to 668.6 million yuan in the first quarter from 504.3 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the polyurethane product materials company increased 30% to 0.13 yuan from 0.10 yuan in the prior-year period.Operating income grew 7.2% year over year to 6.77 billion yuan from 6.31 billion yuan.Shares increased 2% during the midday break on Wednesday.

$SHE:002064
Asia

Kaishan 2025 Profit Up 14%, Revenue Rises 12%

Kaishan Group (SHE:300257) posted 2025 attributable net profit of 364.2 million yuan, up 14% from 320.4 million yuan the previous year.Earnings per share rose to 0.37 yuan from 0.32 yuan, according to a Wednesday filing with the Shenzhen bourse.The compressor maker's operating revenue rose 12% year over year to 4.72 billion yuan from 4.23 billion yuan.Shares of the company were down 1% in recent trade.

$SHE:300257