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South Korea Bourse Predicted To Extend Winning Streak

(RTTNews) - The South Korea stock market has finished higher in back-to-back sessions, gathering more than 30 points or 1.2 percent along the way. Now at a fresh record closing high, the KOSPI sits just shy of the 2,635-point plateau and it may add to its winnings again on Monday.

The global forecast for the Asian markets is positive on optimism for a coronavirus vaccine. The European and U.S. markets were up on Friday and the Asian markets are tipped to open in similar fashion.

The KOSPI finished modestly higher on Friday following gains from the technology stocks, weakness from the financials and mixed performances from the industrials.

For the day, the index climbed 24.37 points or 0.94 percent to finish at 2,625.91 after trading between 2,618.47 and 2,635.00. Volume was 1.4 billion shares worth 12.5 trillion won. There were 433 gainers and 393 decliners.

Among the actives, Shinhan Financial dropped 0.87 percent, while KB Financial sank 1.03 percent, Hana Financial retreated 1.39 percent, Samsung Electronics spiked 2.10 percent, LG Electronics advanced 0.92 percent, SK Hynix rallied 2.26 percent, Samsung SDI accelerated 2.23 percent, LG Chem soared 3.55 percent, Lotte Chemical shed 0.69 percent, S-Oil declined 1.26 percent, SK Innovation jumped 2.57 percent, POSCO skidded 1.02 percent, SK Telecom climbed 1.29 percent, KEPCO dipped 0.23 percent, Hyundai Motor eased 0.28 percent and Kia Motors added 0.61 percent.
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