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SEOUL SHARES SEEN TO REMAIN FLAT THIS WEEK.
SEOUL, Oct 2 Asia Pulse - South Korean share prices are likely to remain in a tight range this week as investors remain on the sidelines ahead of a long holiday, analysts said Saturday.
Also, major economic data in the United States are due this week, which prods investors to remain cautious in trading, they said.
"The local bourse will largely be affected by a series of economic data in the U.S., as it has only two trading days," said Kim Choong-hyun, an analyst at Goodmorning Shinhan Securities.
But improved corporate earnings and sound economic fundamentals will help the market continue its upward move, he said.
The country's key index, the Korea Composite Stock Price Index, fell 0.02 point to end at 1,371.41 on Friday. For the week, the index gained 1.7 per cent on falling oil prices and a bull run on the U.S. stock market.
Chuseok, Korea's autumn harvest holiday, falls on Oct. 5-6, and ...
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