(RTTNews) – The South Korea stock market has finished higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 80 points or 3.2 percent. The KOSPI now rests just beneath the 2,280-point plateau and it’s expected to open higher again on Monday.
The global forecast for the Asian markets is upbeat, with technology stocks expected to lead the markets higher amidst bargain hunting. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets figure to follow the latter lead.
The KOSPI finished slightly higher on Friday as gains from the financial shares, technology stocks and oil companies were capped by weakness from the automobile producers.
For the day, the index added 6.09 points or 0.27 percent to finish at 2,278.79 after trading between 2,267.63 and 2,296.36. Volume was 687 million shares worth 9.9 trillion