The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the nine-day winning streak in which it had advanced almost 65 points or 3 percent. The KOSPI now rests just above the 2,315-point plateau and it’s expected to fade again on Wednesday.
The global forecast for the Asian markets suggests mild consolidation with global trade concerns offset by mild upside in crude oil prices. The European and U.S. bourses were down and the Asian markets figure to open in similar fashion.
The KOSPI finished modestly higher on Tuesday following gains from the technology stocks, while the financials and industrials were mixed.
For the day, the index collected 8.69 points or 0.38 percent to finish at 2,315.72 after trading between 2,302.17 and 2,317.74. Volume was 266 million shares worth 4.3 trillion won. There were 445 gainers and 357 decliners.
Among the actives, Samsung Electronics added 0.42 percent, while SK hynix climbed 0.74 percent, LG Electronics spiked 1.83 percent, LG Display advanced 0.94 percent, Hyundai Motor jumped 1.20 percent, Kia Motors shed 0.63 percent, LG Chem eased 0.14 percent, POSCO skidded 0.94 percent, Hyundai Steel gathered 0.97 percent, Shinhan Financial eased 0.11 percent, KB Financial collected 0.19 percent, Hana Financial picked up 0.47 percent, SK Telecom spiked 2.14 percent, KEPCO dropped 1.16 percent and Woori Bank was unchanged.
The lead from Wall Street is soft as stocks saw modest weakness on Tuesday as traders returned after the long, holiday weekend.
The Dow shed 12.34 points or 0.05 percent to 25,952.48, while the NASDAQ lost 18.29 points or 0.23 percent to 8,091.25 and the S&P 500 fell 4.80 points or 0.17 percent to 2,896.72.
The weakness on Wall Street came amid concerns on global trade after U.S. and Canadian officials failed