|
COPYRIGHT 2005 Asia Pulse Pty Ltd
SEOUL, Feb 28 Asia Pulse - South Korean shares are likely to gain further ground in the coming weeks on the back of hopes for a pick-up in the economy and ample liquidity, dealers said Monday.
Paced by a broad-based rally, the benchmark Korea Composite Index (KOSPI) surpassed the landmark 1,000-point level in more than five years, closing at 1,011.36, up 14.41 points, or 1.44 per cent. The closing price was the highest since Jan. 4, 2000 when the index finished at 1,059.04.
"It is very meaningful for the index to exceed the 1,000-point level at a time when the economy is poised to get back on a growth track," said Yang Kyong-shik, an analyst at Daishin Economic Research Institute.
The main bourse's index has risen more...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
