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SEOUL BOURSE FORECAST TO FACE CORRECTION THIS WEEK.
SEOUL, April 2 Asia Pulse - South Korean stocks are expected to remain weak this week as investors are tempted to lock in gains made over the past week, analysts said Saturday.
But shares expected to show improved earnings will continue to be favoured by investors, they said.
It is hard to predict the course of this week's market... but it is likely to face a correction as the local stock market has risen too much in a short period of time, said Lee Kyong-soo, an analyst at Daewoo Securities Co.
The benchmark Korea Composite Stock Price Index (KOSPI) finished last week at 1,452.55, up 0.1 per cent from the previous week. The index gained 1.3 per cent in the first quarter of the year, posting its third straight quarterly gain.
"The market is forecast to take a breather as investors await earnings reports and likely cash in on recent gains," ...
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Source: HighBeam Research, SEOUL BOURSE FORECAST TO FACE CORRECTION THIS WEEK.