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South Korea Shares May Extend Winning Streak

(RTTNews) - The South Korea stock market has moved higher in back-to-back sessions, gathering almost 20 points or 1 percent along the way. The KOSPI now rests just above the 2,100-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is positive on better than expected employment data from the United States. The European and U.S. bourses were firmly higher Friday and the Asian markets are tipped to open in similar fashion.

The KOSPI finished modestly higher on Friday following gains from the financial shares, technology stocks and industrials.

For the day, the index climbed 16.72 points or 0.80 percent to finish at 2,100.20 after trading between 2,081.53 and 2,100.42. Volume was 411.6 million shares worth 4.45 trillion won. There were 482 gainers and 334 decliners.

Among the actives, Shinhan Financial collected 0.35 percent, while KB Financial advanced 0.83 percent, Hana Financial accelerated 1.48 percent, Samsung Electronics climbed 1.59 percent, LG Electronics added 0.45 percent, LG Display tumbled 2.56 percent, SK Hynix advanced 1.34 percent, Naver jumped 1.83 percent, POSCO perked 0.95 percent, SK Telecom shed 0.42 percent, KEPCO lost 0.39 percent, LG Chem rose 0.49 percent, Hyundai Motors increased 1.64 percent and Kia Motors eased 0.12 percent.
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