South Korea Bourse May Test Resistance At 2,200 Points

(RTTNews) - The South Korea stock market has finished higher in three straight sessions, gathering more than 80 points or 3.9 percent along the way. The KOSPI now rests just above the 2,185-point plateau and it's looking at another green light for Tuesday's trade.

The global forecast for the Asian markets is upbeat on continued optimism for economic recovery from the coronavirus pandemic, despite a rebound by the virus. The European and U.S. markets were sharply higher and the Asian bourses also figure to open in the green.

The KOSPI finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers.

For the day, the index jumped 35.52 points or 1.65 percent to finish at 2,187.93 after trading between 2,157.71 and 2,191.28. Volume was 659 million shares worth 12 trillion won. There were 573 gainers and 267 decliners.

Among the actives, Shinhan Financial collected 0.83 percent, while KB Financial accelerated 2.73 percent, Hana Financial climbed 1.28 percent, Samsung Electronics spiked 2.61 percent, LG Electronics surged 4.77 percent, SK Hynix gained 0.70 percent, LG Chem rose 0.39 percent, Lotte Chemical shed 0.29 percent, SK Innovation gained 2.65 percent, POSCO perked 0.83 percent, SK Telecom jumped 1.81 percent, KEPCO fell 0.26 percent, Hyundai Motors advanced 2.32 percent, Kia Motors rallied 2.49 percent and S-Oil was unchanged.
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