(RTTNews) – South Korea’s stock market ended a five-day losing streak on Friday that saw it stumble in nearly 50 aspects, or 2 pieces. KOSPI is now legitimately sitting above the 2440 level plateau and will increase its value further. win on Monday.
The global forecast for Asian markets is optimistic, with an increase expected due to know-how and oil shares. European markets fell while US stocks rose, with Asian markets expected to see the latter.
The KOSPI improved strongly on Friday on the positive aspects of cash stocks, know-how stocks and chemical companies.
On the day, the index jumped 42.98 points or 1.79pc to settle at 2,441.92 after trading between 2,402.58 and 2,454.67. The volume used to be 403.4 million shares, price 8.16 trillion won. It had 686 gains and 206 declines.
Among actives, Shinhan Monetary is better 0.94pc, while KB Monetary is serene 0.48pc, Hana Monetary is up 0.35pc, Samsung Electronics jumps 1.87pc, Samsung SDI gains 3.13 pc, LG Electronics strengthened 1.31 pc, SK Hynix jumped 6.25 pc, Naver accelerated 3.46 pc, LG Chem jumped by 4.54pc, Lotte Chemical jumped 3.63pc, SK Innovation jumped 7.21pc, POSCO Holdings improved 3.60pc, SK Telecom climbed 1.07pc, KEPCO gained 2 .25pc, Hyundai Mobis fell 1.00pc, Hyundai Motor rose 0.71pc and Kia Motors sank 0.89pc
Wall Avenue management is upbeat, as the major averages got off to a better start on Friday and stayed on the golf green for the day, ending session highs.
The Dow jumped 339.83 points, or 0.80 percent, to end at 42,732.13, while the NASDAQ added 340.88 points, or 1.77 percent, to close at 19,621.68 and the S&P 500 climbed 73.92 aspects or 1.26 percent per break at 5,942.47.
In the week interrupted by the holiday, the Dow slipped 0.6 percent, while the NASDAQ and S&P 500 each fell 0.5 percent.
The strength on Wall Avenue came as traders gave the effect of creating stocks at well-reduced levels after the most recent weak point. Some traders also stayed away from their desks after an unusual 365-day holiday on Wednesday.
In US financial news, the Institute for Supply Management said output fell at a slower pace in December.
Oil prices edged higher on Friday on optimism over the outlook on the latest data showing a drop in U.S. crude inventories. February West Texas Intermediate crude futures were up $0.83, or 1.13 percent, at $73.96 a barrel.
The views and opinions expressed herein are those of the creator and do not necessarily reflect those of Nasdaq, Inc.
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