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South Korea Stock Market Has A Green Light

(RTTNews) - The South Korea stock market has finished higher in two of three volatile days since the end of the seven-day losing streak in which it had fallen more than 510 points or 29 percent. The KOSPI now rests just above the 1,600-point plateau and it may extend its gains on Wednesday.

The global forecast for the Asian markets is broadly positive on optimism that a massive stimulus bill from the U.S. Congress is close at hand. The European and U.S. markets finished with huge gains and the Asian bourses are now tipped to open in the green.

The KOSPI finished with major gains on Tuesday with gains in all sectors - especially the financials, technology stocks and industrials.

For the day, the index accelerated 127.51 points or 8.60 percent to finish at the daily high of 1,609.97 after moving as low as 1,508.68. Volume was 670 million shares worth 10.3 trillion won. There were 866 gainers and 35 decliners.

Among the actives, Shinhan Financial advanced 7.88 percent, while KB Financial gathered 5.42 percent, Hana Financial collected 4.07 percent, Samsung Electronics spiked 10.47 percent, LG Electronics rose 5.72 percent, Samsung SDI accelerated 12.81 percent, SK Hynix soared 13.40 percent, POSCO perked 5.43 percent, SK Telecom added 3.32 percent, KEPCO gained 7.80 percent, Hyundai Motors jumped 8.56 percent and Kia Motors climbed 7.44 percent.
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