Seoul stocks to follow European, U.S. developments, economic data
May 12, 2012
South Korean stocks are expected to be influenced by European political developments and U.S. economic data next week, local analysts said Saturday.The country's key stock index, the KOSPI, closed at 1,917.13 on Friday, a drop of 3.62 percent or 72.02 points from a week earlier, mainly due to anti-austerity election results in France and Greece and disappointing U.S. labor market reports. The KOSP