South Korea Stock Market May Extend Winning Streak

(RTTNews) - The South Korea stock market has moved higher in two straight sessions, collecting almost 45 points or 1.5 percent along the way. The KOSPI now rests just beneath the 3,050-point plateau and it may inch higher again on Wednesday.

The global forecast for the Asian markets is positive on solid earnings news and rising crude oil prices. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.

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

For the day, the index gained 28.54 points or 0.94 percent to finish at 3,049.08 after trading between 3,030.53 and 3,051.65. Volume was 547 million shares worth 9.2 trillion won. There were 574 gainers and 271 decliners.

Among the actives, Shinhan Financial collected 0.49 percent, while Hana Financial rose 0.11 percent, Samsung Electronics climbed 1.28 percent, LG Electronics gained 0.80 percent, SK Hynix rallied 2.00 percent, Naver surged 2.48 percent, Samsung SDI spiked 1.77 percent, LG Chem advanced 1.10 percent, Lotte Chemical improved 1.04 percent, S-Oil retreated 1.40 percent, SK Innovation was up 0.19 percent, POSCO perked 0.64 percent, KEPCO dipped 0.22 percent, Hyundai Motor accelerated 1.18 percent, Kia Motors added 0.59 percent and KB Financial and SK Telecom were unchanged.
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