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The South Korean stock market may gain ground this week, but advances are not likely to be large amid nagging concerns about the global economy, analysts said Saturday.
The benchmark Korea Composite Stock Price Index finished at 1,891.43 this week, down 2.7 percent from a week earlier, beset by the eurozone debt problems and weak corporate earnings results.
The KOSPI fell below the 1,900-point for the first time in more than one month Friday after the central bank said that Korea’s third-quarter growth slowed to a nearly three-year low.
Analysts said the KOSPI may gain ground in range-bound trading this week, but advances are not likely to be large enough to cause an upside trend. (Yonhap News)
The benchmark Korea Composite Stock Price Index finished at 1,891.43 this week, down 2.7 percent from a week earlier, beset by the eurozone debt problems and weak corporate earnings results.
The KOSPI fell below the 1,900-point for the first time in more than one month Friday after the central bank said that Korea’s third-quarter growth slowed to a nearly three-year low.
Analysts said the KOSPI may gain ground in range-bound trading this week, but advances are not likely to be large enough to cause an upside trend. (Yonhap News)
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Articles by Korea Herald
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