Win Streak May Continue For South Korea Shares
From Nasdaq.: 2025-02-18 18:01:15
The South Korea stock market has been on a six-day winning streak, with the KOSPI gaining over 100 points. The index closed at 2,626.81 points on Tuesday, up 0.63 percent, led by financials. Global markets are expected to be flat to higher, following a similar trend from European and U.S. markets. Oil prices rose on Tuesday due to supply concerns after Ukraine’s drone attack on a Russian export pipeline. The Federal Reserve Bank of New York reported a rebound in regional manufacturing activity in February, while U.S. homebuilder confidence unexpectedly declined. The Dow, NASDAQ, and S&P closed slightly higher on Tuesday after a quiet start post Presidents’ Day.
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