Seoul shares likely to move in tight range next week
April 21, 2013
South Korean stocks are expected to move in a narrow range in the coming week amid concerns on poor quarterly earnings and the global economic slowdown, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed on Friday at 1,906.75, down 0.88 percent, or 17.48 points, from one week ago. Analysts anticipate that the benchmark index may move around the 1,900 level next week. They said investor sentiment could be weighed down by concerns on quarterly earnings of So