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South Korea Shares Predicted To Open Under Pressure

(RTTNews) - The South Korea stock market on Thursday ended the three-day losing streak in which it had tumbled almost 115 points or 3.8 percent. The KOSPI now rests just beneath the 3,100-point plateau although it's expected to turn lower again on Friday.

The global forecast for the Asian markets is firmly negative on treasury yield and interest rate concerns. The European and U.S. markets were firmly in the red and the Asian bourses figure to follow that lead.

The KOSPI finished sharply higher on Thursday with gains across the board - especially from the financials, technology stocks and chemical companies.

For the day, the index soared 104.71 points or 3.50 percent to finish at 3,099.69 after trading between 3,026.47 and 3,099.80. Volume was 1.3 billion shares worth 16.9 trillion won. There were 807 gainers and 80 decliners.

Among the actives, Shinhan Financial climbed 2.87 percent, while KB Financial rallied 3.71 percent, Hana Financial collected 2.44 percent, Samsung Electronics jumped 4.02 percent, LG Electronics improved 2.67 percent, SK Hynix skyrocketed 9.19 percent, LG Chem advanced 3.49 percent, Lotte Chemical surged 7.11 percent, S-Oil soared 5.14 percent, SK Innovation gained 1.31 percent, POSCO perked 3.28 percent, SK Telecom spiked 3.49 percent, KEPCO added 0.86 percent, Hyundai Motor accelerated 4.26 percent and Kia Motors gained 2.67 percent.
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