Mild Upside Seen For South Korea Shares
Nasdaq (RTTNews) - The South Korea stock market ticked higher again on Friday, one day after ending the three-day winning streak in which it had collected more than 40 points or 1.6 percent. The KOSPI now sits just beneath the 2,565-point plateau and it may inch higher again on Monday.
The global forecast for the Asian markets is cautiously optimistic over the outlook for interest rates. The European and U.S. markets were mixed and little changed and the Asian bourses are tipped to follow that lead.
The KOSPI finished modestly higher on Friday following mixed performances from the technology stocks and industrials, while the financials were soft.
For the day, the index added 7.44 points or 0.29 percent to finish at 2,563.71. Volume was 486.1 million shares worth 9.89 trillion won. There were 549 decliners and 315 gainers.
Among the actives, Shinhan Financial dipped 0.28 percent, while KB Financial dropped 0.92 percent, Hana Financial eased 0.13 percent, Samsung Electronics surged 6.13 percent, Samsung SDI plunged 2.93 percent, LG Electronics climbed 1.12 percent, SK Hynix retreated 1.48 percent, LG Chem surrendered 2.23 percent, Lotte Chemical tanked 2,34 percent, S-Oil rose 0.27 percent, SK Innovation sank 0.85 percent, POSCO plummeted 3.28 percent, SK Telecom fell 0.31 percent, Hyundai Mobis gained 0.65 percent, Hyundai Motor slumped 0.90 percent, Kia Motors lost 0.62 percent and KEPCO and Naver were unchanged.
