South Korea Bourse May Add To Its Winnings
(RTTNews.com) - The South Korea stock market has finished higher in back-to-back trading days, advancing more than 55 points or 2.4 percent along the way. The KOSPI now rests just beneath the 2,460-point plateau and it's called higher again on Monday.
The global forecast for the Asian markets is broadly positive thanks to solid U.S. employment data and a spike in crude oil prices. The European and U.S. markets were higher and the Asian markets figure to follow suit.
The KOSPI finished sharply higher again on Friday following gains from the financials and technology stocks, although the industrials weighed.
For the day, the index jumped 26.37 points or 1.08 percent to finish at 2,459.45 after trading between 2,436.03 and 2,476.43. Volume was 433 million shares worth 8.46 trillion won.
Among the actives, Shinhan Financial collected 0.67 percent, while Woori Bank added 0.65 percent, Samsung Electronics climbed 1.10 percent, LG Electronics jumped 1.87 percent, SK hynix shed 0.24 percent, Naver added 0.38 percent, POSCO plunged 3.63 percent, Hyundai Steel tumbled 2.48 percent, Hyundai Motor lost 0.32 percent, Kia Motors skidded 1.20 percent, Daewoo Shipbuilding gained 0.56 percent and Hyundai Heavy dropped 1.38 percent.
The lead from Wall Street is solid as stocks moved sharply higher on Friday, adding the gains in the previous session as the NASDAQ closed higher for the sixth straight session to a record closing high.
The Dow spiked 440.53 points or 1.77 percent to 25,335.74, while th....