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South Korea Bourse May Run Out Of Steam On Friday

(RTTNews) - The South Korea stock market has ticked higher in two straight sessions, gathering almost 25 points or 0.8 percent along the way. The KOSPI now sits just beneath the 3,150-point plateau although it may spin its wheels on Friday.

The global forecast for the Asian markets is mixed to lower, with stimulus optimism tempered by concern over the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.

The KOSPI finished barely higher on Thursday following gains from the chemical companies, weakness from the financials and a mixed picture from the technology and oil stocks.

For the day, the index gained 1.64 points or 0.05 percent to finish at 3,149.93 after trading between 3,128.72 and 3,159.03. Volume was 1.2 billion shares worth 23.8 trillion won. There were 518 gainers and 320 decliners.

Among the actives, Shinhan Financial lost 0.44 percent, while KB Financial skidded 1.59 percent, Hana Financial tanked 2.36 percent, LG Electronics soared 5.00 percent, SK Hynix tumbled 1.88 percent, Samsung SDI shed 0.66 percent, LG Chem climbed 1.00 percent, Lotte Chemical spiked 2.27 percent, S-Oil retreated 0.77 percent, SK Innovation plummeted 6.76 percent, POSCO sank 0.53 percent, KEPCO advanced 0.78 percent, Hyundai Motor plunged 3.28 percent, Kia Motors accelerated 2.22 percent and Samsung Electronics was unchanged.
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