Seoul equities likely to undergo correction

South Korean share prices are likely to undergo a modest correction over the coming week amid lack of leads, both at home and abroad, analysts said on Friday.
For the week to May 18 the benchmark KOSPI index gained 0.54 percent to close at 1,612.25 points Friday. He said uncertainty over the upcoming high-level trade talks between China and the United States in Washington would also depress the market.
Seoul Securities analyst Ji Ki-Ho also said the market would continue to trade light in the coming week with the index moving within a range of 1,575 points to 1,630 points. Ji said the recent lacklustre stock performance by chipmakers led investors to opt for loss-cut selling on Friday.