ROK stock market to see rebound in coming week
AFP, Seoul
South Korea's stock market is expected to see a technical rebound next week after sustained losses over the past two weeks made on the back of disappointing results in the key tech sector, dealers said Friday. On Friday, the market managed to finish on a positive note, helped by Chinese data showing the economy there growing strongly but perhaps not too fast to prompt the authorities to take further measures to slow it down. That has to be good news for South Korea, for whom China is a major export market and investment location, and should help offset some of the continued concerns over high oil prices.
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