South Korea: Stocks end flat as large-caps' tepid Q2 outlook weighs

South Korea's KOSPI stock index ended flat on Friday as tepid second-quarter profit outlook from heavyweights dented sentiment, while investors braced for US employment data.[SEOUL] South Korea's KOSPI stock index ended flat on Friday as tepid second-quarter profit outlook from heavyweights dented sentiment, while investors braced for US employment data.

The Seoul stock market's main KOSPI closed up 1.86 points or 0.09 per cent at 2,110.59 points. For the week, the benchmark index ended down 0.9 per cent, snapping four consecutive weekly gains. The KOSPI climbed 3.41 per cent so far this year, and gained 2.1 per cent in the previous 30 trading sessions.

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South Korea: Stocks snap 4-day losing streak as US rate cut bets rise[SEOUL] South Korean stocks snapped a four-session losing streak to end higher on Thursday, boosted by rising hopes of a rate cut by the US Federal Reserve, in a choppy session due to caution ahead of Samsung Electronic's second-quarter results. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »