Stocks expected to continue upward movement

South Korean stocks are expected to show an upward movement this week though the movement range may be limited by external uncertainties that remain in the global market, analysts said.

The country’s key stock index, the Korea Composite Stock Price Index, closed 10.58 points or 0.54 percent higher from the previous week’s close at 1,943.84 last Friday.

The index dropped more than 15 points on Friday alone following what market analysts called poorer-than-expected corporate earnings for the third quarter.

“Local shares are expected to make an upward movement following their rebound last week, but it will be important for investors not to have too high expectations,” said Lee Seung-woo, an analyst from KDB Daewoo Securities. (Yonhap News)