Seoul Stocks Expected to Renew Uptrend – Korea Times(Stock Trading News)
Seoul stocks are expected to continue their upward movements in October on solid economic and corporate fundamentals as well as stronger sentiment in stocks following recent U. On top of easing concern about the fallout of subprime meltdown, analysts cited strong corporate earnings outlook as positives for the market. Prudential Investment & Securities analyst Lee Young-won said that the outlook for the market is positive on strong corporate earnings prospects. Third quarter earnings figures will start being released from mid-October and positive earnings outlook will boost the market, he said. They said LG Philips LCD, Hyundai Motor, Kookmin Bank, Samsung Heavy Industries, SK are among the stocks that will outperform the market. read more
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