(RTTNews) – South Korea’s inventory market ended on Monday the two-day decline in which it had stumbled by nearly a hundred points, or 3. 3%. KOSPI is now just above the 3,090-point plateau and is expected to increase its gains on Tuesday.
Global forecasts for Asian markets are positive, with strong expectations for oil and generation inventories. European and U. S. markets rose and Asian inventory markets deserve to keep up.
KOSPI closed higher on Monday following gains in oil, monetary and trade values, while generation and chemical stocks were mixed.
For the day, the index rose 29. 70 issues or 0. 97% to end at 3,090. 21 after trading between 3,064. 65 and 3,111. 81. The volume of 564 million shares is valued at 13. 2 trillion won. There were 788 winners and 94 decliners.
Wall Street’s lead is the company’s, as primary averages opened higher on Monday and remained in the green during the session.
The Dow rose 215. 63 points, or 0. 61%, to close at 35,335. 71, while the NASDAQ rose 227. 99 points, or 1. 55%, to close at 14,942. 65 and the S
Investors continued to heed updates on the coronavirus and also attended the upcoming Jackson Hole Symposium, scheduled for later this week. Fed Chairman Powell is expected to provide more key points on the timing of relief from the central bank’s bond-buying program. and the outlook for the economy.
As for economic news, U. S. existing home sales rose more than expected in July, helping to allay fears that the economic recovery could lose steam.
Crude oil futures stabilized sharply higher on Monday, ending a seven-day losing streak and posting their biggest gain in a singles consultation in five months. West Texas Intermediate crude oil futures for October rose $3. 50 or 5. 6% to $65. 64 a barrel after falling 9% last week.