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KOREAN BOURSES SET TO CONTINUE BULLISHNESS.
SEOUL, Sept 1 Asia Pulse - South Korea's stock markets are expected to continue their bullishness next week thanks to a rising trend on Wall Street and continued buying by foreign investors, analysts said.
The Korea Composite Stock Price Index (KOSPI) closed this week at 759.47, up 0.62 percent from last week's close, hitting a yearly high.
The U.S. markets also gained strength on better-than-expected figures for major economic indicators like the second-quarter gross domestic product (GDP) growth rate, which was announced this week.
The Nasdaq index closed the week at 1,810.58, up 0.58 percent from a week ago and highest in sixteen-and-a-half months. The Dow Jones index also rose 0.44 percent to 9,415.82.
An ...
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Source: HighBeam Research, KOREAN BOURSES SET TO CONTINUE BULLISHNESS.