Home

The Korea Herald

Latest news

Most Popular

  1. 1

    1 in 3 Koreans live alone, family types becoming diverse

    1 in 3 Koreans live alone, family types becoming diverse
  2. 2

    Korea, Japan finance chiefs vow to tame rampant FX market volatility

    Korea, Japan finance chiefs vow to tame rampant FX market volatility
  3. 3

    K-pop group's manager dismissed for setting up spycam in theater dressing room

    K-pop group's manager dismissed for setting up spycam in theater dressing room
  4. 4

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  5. 5

    Why is Apple Pay struggling to get purchase in Korea?

    Why is Apple Pay struggling to get purchase in Korea?
  1. 6

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  2. 7

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  3. 8

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  4. 9

    [Today’s K-pop] BTS pop-up event to come to Seoul

    [Today’s K-pop] BTS pop-up event to come to Seoul
  5. 10

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
피터빈트

Seoul stocks set to rise next week

By a2016032

Published : May 7, 2017 - 09:16

    • Link copied

South Korean stocks are set to rise further next week on positive market factors, analysts said Saturday.

They expect the country's benchmark Korea Composite Stock Price Index to maintain its upward momentum next week as foreigners are expected to buy more undervalued stocks. The broader index closed at 2,241.24 points Thursday, up 1.6 percent from a week ago. The stock markets were closed on Friday, a national holiday.

(Yonhap) (Yonhap)

KB Securities analyst Bae Sung-young said the main index is expected to test new highs in the coming week, citing foreign buying and improved corporate earnings.

On Thursday, the main index hit an all-time high helped by foreign buying and robust corporate earnings by major businesses.

Next week is packed with major events, such as the presidential elections in South Korea and France, though analysts said the French election is unlikely to cause any volatility.

Suh Jeong-hoon, a researcher of Samsung Securities, said there is enough room for an additional rise in the local stock markets as the KOSPI is undervalued. (Yonhap)

More from Headlines