South Korean shares inched up on Monday as investor focus shifted to corporate earnings, even as the Brexit uncertainty continued.[SEOUL] South Korean shares inched up on Monday as investor focus shifted to corporate earnings, even as the Brexit uncertainty continued.
South Korea's third-quarter earnings estimates have risen gradually, and are likely to rise going forward, mainly thanks to recovery of the memory chip industry, said Seo Sang-young, an analyst from Kiwoom Securities.The KOSPI has risen 1.17 per cent so far this year, and gained 4.60 per cent in the previous 30 trading sessions.
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