Saturday, April 14, 2012

Kospi outlook next week april 16-20 2012

South Korean stocks Kospi outlook next week april 16-20 2012 : The country's key stock index, the KOSPI, closed at 2,008.91 on Friday, down 0.99 percent from a week earlier. The numbers represent a 1.12 percent or 22.28 point gain from the previous session.

The bourse's weekly loss reflected weak employment numbers in the United States, concerns over sluggish growth in China and the planned launch of North Korea's long-range rocket that could fuel geopolitical risks in the region, all of which are bad for the stock market.

Such worries caused the KOSPI to loose ground for three straight trading sessions with the key index falling to a low of 1986.63 on Thursday's close, before the bourse bounced back the following day despite the launch of North Korea's Unha-3 rocket.

South Korean stocks are expected to hover around the psychologically important 2,000-point mark range next week as the market waits on key economic data from the United States and Europe.

The KOSPI is expected to move around the 2,000-point range, falling and rising depending on economic developments, with no real trend or direction

there may be resistance to stocks falling because some stocks are viewed as being undervalued and also because of South Korea's relatively stable economic fundamentals.

the local stock market will be affected by housing data from the United States, macroeconomic statistics from the European Union and expectations the Chinese economy may have hit bottom in the first quarter and is poised for a rebound in the coming months.

"Rumors that some countries may be considering economic stimulus programs could positively affect the market,"

KOSPI prediction next week april 16-20 2012
KOSPI also following other Asian indices and here also we see reversal on chart.taken support of 100 EMA at 1969 and moved higher now trading at 2008.this week closed with loss but in last session successfully eased most of the losses.for next week 2015 will be important point on chart above this it will be absolute breakout and target will be 2060 and 2100 but below this strength will be bearish and downside support is 1969.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

No comments:

Post a Comment