KOSPI Likely To Reclaim 3,000-Point Level

(RTTNews) - The South Korea stock market has climbed higher in five straight sessions, jumping more than 150 points or 5 percent along the way. The KOSPI now sits just above the 2,990-point plateau and it's poised to extend its gains on Wednesday.

The global forecast for the Asian markets is upbeat on easing virus concerns, supported by tech and oil stocks. The European and U.S. markets were sharply higher and the Asian markets are tipped to open in similar fashion.

The KOSPI finished modestly higher on Tuesday following gains from the financial shares and technology stocks, while the oil and automobile companies were mixed.

For the day, the index added 18.47 points or 0.62 percent to finish at 2,991.72 after trading between 2,960.90 and 2,992.31. Volume was 528 million shares worth 9.9 trillion won. There were 586 gainers and 268 decliners.

Among the actives, Shinhan Financial and Hana Financial both advanced 0.94 percent, while KB Financial collected 0.70 percent, Samsung Electronics climbed 1.44 percent, LG Electronics spiked1.21 percent, SK Hynix rallied 2.53 percent, Naver dipped 0.26 percent, Lotte Chemical slid 0.22 percent, S-Oil gathered 1.00 percent, SK Innovation shed 0.73 percent, POSCO perked 0.52 percent, SK Telecom rose 0.18 percent, KEPCO improved 1.15 percent, Hyundai Motor added 0.48 percent and Kia Motors sank 0.73 percent.
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