South Korea Stock Market May Extend Winning Streak

(RTTNews) - The South Korea stock market has finished higher in six straight sessions, climbing more than 60 points or 3 percent along the way. The KOSPI remains just beneath the 2,145-point plateau and it may add to its winnings again on Friday.

The global forecast for the Asian markets is upbeat on growing optimism for a trade deal between the United States and China. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The KOSPI finished barely higher on Thursday following gains from the industrials and mixed performances from the financial shares and technology stocks.

For the day, the index was up just 0.14 points or 0.01 percent to finish at 2,144.29 after trading between 2,135.45 and 2,147.01. Volume was 418 million shares worth 5 trillion won. There were 408 gainers and 391 decliners.

Among the actives, Shinhan Financial shed 0.23 percent, while KB Financial eased 0.12 percent, Hana Financial collected 0.28 percent, Samsung Electronics lost 0.75 percent, LG Electronics gained 0.58 percent, LG Display plummeted 3.41 percent, SK Hynix rose 0.12 percent, POSCO perked 0.23 percent, SK Telecom accelerated 2.32 percent, KEPCO added 0.56 percent, Kia Motors climbed 1.29 percent and Hyundai Motors and Samsung SDI were unchanged.
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