South Korea Shares May Snap Losing Streak

(RTTNews) - The South Korea stock market has finished lower in two straight sessions, sinking more than a dozen points or 0.6 percent along the way. The KOSPI now rests just above the 2,080-point plateau although it may find traction on Thursday.

The global forecast for the Asian markets is upbeat after the U.S. Federal Reserve's monetary policy decision as well as solid economic data. 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 modestly lower on Wednesday following losses from the financial shares, technology stocks and industrials.

For the day, the index lost 12.42 points or 0.59 percent to finish at 2,080.27 after trading between 2,075.54 and 2,093.51. Volume was 410.99 million shares worth 5 trillion won. There were 565 decliners and 263 gainers.

Among the actives, Shinhan Financial retreated 1.93 percent, while KB Financial lost 0.35 percent, Hana Financial sank 1.89 percent, Samsung Electronics skidded 1.37 percent, LG Electronics was down 0.72 percent, SK Hynix tumbled 1.81 percent, Hyundai Steel plunged 2.88 percent, POSCO shed 0.47 percent, SK Telecom fell 0.43 percent, KEPCO soared 2.99 percent, Kia Motors dropped 0.94 percent and Hyundai Motors was unchanged.
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