South Korea Bourse Tipped To Open In The Green

(RTTNews) - The South Korea stock market has climbed higher in back-to-back sessions, gathering almost 20 points or 0.9 percent along the way. Now at a 15-month closing high, the KOSPI now sits just above the 2,250-point plateau and it's expected to extend its gains again on Monday.

The global forecast for the Asian markets is positive thanks to solid economic data from the world's largest economies. The European and U.S. markets were up on Friday and the Asian bourses are expected to follow that lead.

The KOSPI finished slightly higher on Friday following gains from the oil and chemical companies, while the financials were soft and the technology companies were mixed.

For the day, the index added 2.52 points or 0.11 percent to finish at 2,250.57 after trading between 2,245.58 and 2,268.71. Volume was 568 million shares worth 5.2 trillion won. There were 448 decliners and 354 gainers.

Among the actives, Shinhan Financial lost 0.61 percent, while KB Financial dipped 0.21 percent, Hana Financial sank 0.57 percent, Samsung Electronics advanced 0.99 percent, LG Electronics retreated 0.54 percent, LG Chem climbed 1.22 percent, SK Hynix shed 0.20 percent, SK Telecom fell 0.42 percent, KEPCO eased 0.19 percent, Kia Motors added 0.61 percent, SK Innovation gained 0.38 percent and Hyundai Motors and POSCO were unchanged.
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