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South Korea Bourse May Extend Friday's Gains

(RTTNews) - The South Korea stock market has finished higher in two straight sessions, advancing 7 points or 0.3 percent along the way. The KOSPI now rests just above the 2,085-point plateau and it may add to its winnings on Monday.

The global forecast for the Asian markets is upbeat on growing optimism for a trade deal between the United States and China. The European markets were mixed and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead.

The KOSPI finished slightly higher on Friday following gains from the automobile producers, weakness from the financials and a mixed picture from the technology stocks.

For the day, the index rose 2.23 points or 0.11 percent to finish at 2,087.89 after trading between 2,079.30 and 2,091.24. Volume was 338.5 million shares worth 4.29 trillion won. There were 506 decliners and 302 gainers.

Among the actives, Shinhan Financial shed 0.68 percent, while KB Financial tumbled 2.73 percent, Hana Financial skidded 2.48 percent, Samsung Electronics added 0.39 percent, LG Electronics sank 1.16 percent, LG Display fell 0.72 percent, SK Hynix soared 3.62 percent, POSCO plummeted 4.48 percent, SK Telecom dropped 1.26 percent, KEPCO added 0.59 percent, Hyundai Motors climbed 1.23 percent and Kia Motors gained 0.60 percent.
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