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KOREAN STOCKS EXPECTED TO EASE THIS WEEK: ANALYSTS.
SEOUL, Dec 1 Asia Pulse - South Korea's main stock market is expected to retreat a little this week because of a lack of momentum, analysts said.
Foreign and retail investors are hesitating more and more to buy shares and program selling is likely to exceed program buying this week, they added.
In contrast, experts predicted the over-the-counter KOSDAQ market would maintain its upward momentum in the coming week because it is less connected with program trading and LG Card-related risks than the main bourse.
The Korea Composite Stock Price Index, the barometer of the main Korea Stock Exchange, closed at 796.18 last week, up 25.40 points from the previous week.
This week, market watchers expect the benchmark index to decline a little as they can not find factors that would be able to push it up.
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Source: HighBeam Research, KOREAN STOCKS EXPECTED TO EASE THIS WEEK: ANALYSTS.