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SEOUL, July 2 Asia Pulse - The key index of the Korea Stock Exchange is expected to rebound this week, testing the 600-point level as the market showed signs of stability after sliding towards 580, stock experts.
Samsung Electronics, Korea Telecom and other large-cap stocks are poised for a technical rebound after sharp short-term falls.
Strong showings are unlikely, however, as sustained economic recovery is still not in sight and investors' deposits at brokerage houses are edging down.
"The Korea Composite Stock Price Index will likely test the 600-point level, but may fail to surpass the level due to poor corporate performance," Kim Jong-pyo, a researcher at Kyobo Securities, said.
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Source: HighBeam Research, KOREAN STOCK MARKET EXPECTED TO REBOUND.