Seoul shares to move in narrow range next week
Aug. 1, 2015
South Korean stocks are likely to trade in a tight range next week, affected by lackluster corporate earnings and continuous selling by foreign investors, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,030.16 on Friday, falling 15.80 points, or 0.77 percent, from a week earlier. The index was mostly driven by corporate earnings announced for large-cap shares throughout this week, while the local currency's descent against the U.S. dollar helped b