South Korean stocks inch up with eye on earnings, Brexit tussle
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares inched up on Monday as investor focus shifted to corporate earnings, even as the Brexit uncertainty continued.
The Seoul stock market's main KOSPI ended up 4.15 points, or 0.20%, at 2,064.84.
South Korea's third-quarter earnings estimates have risen gradually, and are likely to rise going forward, mainly thanks to recovery of the memory chip industry, said Seo Sang-young, an analyst from Kiwoom Securities.
Foreigners were net sellers of US$102.94 million worth of shares on the main board.
The KOSPI has risen 1.17 per cent so far this year, and gained 4.60 per cent in the previous 30 trading sessions.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
