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Higher Open Predicted For South Korea Shares

(RTTNews) - The South Korea stock market has moved higher in six straight sessions, advancing almost 110 points or 5.5 percent along the way. The KOSPI now rests just above the 2,170-point plateau and it's got another positive lead again on Monday.

The global forecast for the Asian markets is positive on trade deal news, although it may already be largely priced in. The European and U.S. markets were up on Friday and now the Asian bourses are tipped to at least open in similar fashion.

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

For the day, the index soared 32.90 points or 1.54 percent to finish at the daily high of 2,170.25 after moving as low as 2,159.45. Volume was 533.3 million shares worth 6.13 trillion won. There were 602 gainers and 242 decliners.

Among the actives, Shinhan Financial accelerated 3.28 percent, while KB Financial spiked 3.41 percent, Hana Financial collected 2.66 percent, Samsung Electronics jumped 2.63 percent, LG Electronics rose 0.70 percent, Samsung SDI gained 0.44 percent, SK Hynix surged 5.40 percent, POSCO perked 3.18 percent, SK Telecom added 0.42 percent, Hyundai Motors advanced 0.83 percent, Kia Motors sank 1.22 percent and KEPCO was unchanged.
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