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KOSPI Edges Up as Food, Defense Shares Rise

Written: 2025-05-16 16:49:15Updated: 2025-05-16 18:44:30

KOSPI Edges Up as Food, Defense Shares Rise

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) closed slightly higher Friday, rebounding from a small drop the previous day.

The KOSPI rose five-point-51 points, or zero-point-21 percent, to close at two-thousand-626-point-87.

Food and defense shares led the turnaround as the index edged up amid eased tariff concerns.

Samyang Food, famous for Buldak Ramen, skyrocketed 19-point-07 percent to an all-time high on stellar first-quarter earnings while its rival Nongshim climbed nine-point-four percent, and defense heavyweights Hanwha Aerospace and LIG Nex1 rose two-point-31 percent and four-point-38 percent, respectively.

The tech-heavy KOSDAQ fell eight-point-16 points, or one-point-11 percent, to close at 725-point-07.

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