Rabu, 28 November 2012

Kospi End Up, Post Bullish Consolidation


After yesterday had increased, as of today (28/11) South Korea's stock market ended up experiencing consolidation. Investors apparently utilize the stock price increases occurred yesterday and now prefer to conduct profit-taking.

While the global economic fundamentals, conditions are still much less negative moving U.S. stocks overnight closed less encouraging.

The Kospi index closed down 0.65% to 1912.78 basis points. While the index futures declined by 1.95 points to 252.3 basis points, with the support level of 248.99 points and 255.57 points at level resistant.

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