Seoul Shares on Track for a Fourth Straight Winning Session



The Korea Composite Stock Price Index (KOSPI) gained 0.7 percent to 2,042.60 points as of 0200 GMT after touching an intraday high of 2,046.27, its highest since , fuelled by a strong U.S. consumer confidence survey that boded well for South Korean exporters' sales to their second largest market.

"In the past 10 years KOSPI had mirrored the U.S. year-end consumption season to rise 4 percent on average, and with consumer confidence picking up, the outlook seemd quite rosy for this year as well," said Chung Seung-jae, an analyst at Mirae Asset Securities.


News are provided by InstaForex.