Saturday, March 31, 2012

South Korean stocks Kospi outlook week april 2-6 2012

South Korean stock Kospi outlook week april 2-6 2012 : South Korean stocks are likely to be locked in range-bound trading next week as investors step to the sidelines amid growing market uncertainty, analysts said Saturday. The country's key stock index, the KOSPI, closed at 2,014.04 on Friday, down 0.02 percent, but posted its largest quarterly gain for the January-March period.

"For the time being, the local stock market will stay in a tight range as there are neither positive nor negative factors that significantly affect investor sentiment," said Lee Seung-woo, an analyst at Daewoo Securities.

Analysts said a series of economic data to be released in the U.S. may show the world's largest economy on a recovery track, helping boost investor sentiment here.

However, investors may worry about the lingering debt problem in the eurozone.

Standard & Poor's said earlier this week Greece may have to restructure its debt again, and market speculation is rising that Spain may be the next bailout candidate, according to analysts.

Meanwhile, the Dow Jones industrial average index rose Friday on hopes of a U.S. economic recovery, adding 0.50 percent to end at 13,212.04.

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