Seoul shares to continue upward move next week: analysts
May 17, 2014
The South Korean stock market is expected to continue its climb next week on the back of a continued foreign buying, although its gains may be capped due to profit-taking, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) finished at 2,013.44 points on Friday, up 2.9 percent from a week earlier. The main index, backed by massive foreign buying, continued to gather ground through the week, reaching this year's all-time high on Friday. Analysts said a series of