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SEOUL SHARES EXPECTED TO STABILIZE THIS WEEK.
SEOUL, Sept 3 Asia Pulse - South Korean stocks are likely to remain in positive terrain this week as concerns about U.S. subprime wooes are easing and expectations for a cut in benchmark interest rates by the U.S. Federal Reserve are growing, analysts said Saturday.
The benchmark Korea Composite Stock Price Index (KOSPI) closed last week at 1,873.24, up 4.57 per cent from a week earlier.
The easing of the U.S. subprime mortgage crisis and the Federal Reserve's active market involvement increased program buying and boosted investor sentiment, they said. But many saw lingering uncertainty in the local market due to widespread concerns over a possible U.S. economic slump.
"The ...
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Source: HighBeam Research, SEOUL SHARES EXPECTED TO STABILIZE THIS WEEK.