Tag - Seoul shares seen to stay rangebound in post-holiday sessions

Seoul shares seen to stay rangebound in post-holiday sessions

South Korean stocks are expected to move sideways during the holiday-shortened week on signs of a slowing Chinese economy and fluctuating oil prices, though falling odds of a Federal Reserve rate hike could ease downward pressure, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,917.79 on Friday, down 0.36 percent from a week ago. The index got off to a strong start after Japan decided to adopt a negative interest rate to shore up the flagging [...]

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