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ANALYSTS PREDICT VOLATILITY ON SEOUL BOURSE THIS WEEK.
SEOUL, June 2 Asia Pulse - The South Korean stock market is likely to be volatile this week without clear upward momentum as concerns over oil prices and the health of the United States economy will likely weigh on the market, analysts said Saturday.
The benchmark Korea Composite Stock Price Index (KOSPI) closed last week at 1,852.02, up 1.32 per cent from the previous week.
Last Monday, the KOSPI fell below the 1,800-point mark at one point for the first time in about one month, hurt by soaring oil costs and massive foreign selling. But the Seoul bourse recouped Monday's losses, led by tech gains, following firmer overseas markets last week.
Analysts said the stock market is likely to be volatile this week as there is still uncertainty regarding oil prices and a credit crunch.
"As volatility of oil prices and the foreign exchange ...
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- News wire article from: AsiaPulse News September 18, 2006 700+ words
...investor sentiment bolstered by a fall in oil prices and rises in overseas bourses, analysts...from such favorable leads as falling oil prices and an uptrend in U.S. equity markets...limited in light of declining international oil prices. Crude prices have fallen to the low...
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...investor sentiment bolstered by a fall in oil prices and rises in overseas bourses, analysts...from such favorable leads as falling oil prices and an uptrend in U. S. equity markets...limited in light of declining international oil prices. Crude prices have fallen to the low...
Source: HighBeam Research, ANALYSTS PREDICT VOLATILITY ON SEOUL BOURSE THIS WEEK.