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South Korea Bourse May Add To Its Winnings On Thursday

(RTTNews) - The South Korea stock market has finished higher in four straight sessions, gathering more than 65 points or 3.2 percent along the way. The KOSPI now rests just beneath the 1,990-point plateau and it's looking at another green light for Thursday's trade.

The global forecast for the Asian markets is broadly positive on optimism for economic recovery in the wake of the Covid-19 shutdown. The European and U.S. markets were sharply higher and the Asian markets are tipped to open in similar fashion.

The KOSPI finished modestly higher on Wednesday following mixed performances from the financial shares, technology stocks and chemical companies.

For the day, the index picked up 9.03 points or 0.46 percent to finish at 1,989.64 after trading between 1,972.12 and 1,992.20. Volume was 688 million shares, worth about 8 trillion won. There were 550 gainers and 275 decliners.

Among the actives, Shinhan Financial sank 1.97 percent, while KB Financial collected 0.31 percent, Hana Financial eased 0.19 percent, Samsung Electronics lost 0.60 percent, LG Electronics dipped 0.23 percent, SK Hynix jumped 1.69 percent, LG Chem advanced 1.54 percent, Lotte Chemical fell 0.26 percent, S-Oil declined 2.07 percent, POSCO retreated 1.97 percent, SK Telecom climbed 1.20 percent, KEPCO skidded 1.15 percent, Hyundai Motors tumbled 1.82 percent, Kia Motors plunged 2.68 percent and SK Innovation was unchanged.
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