South Korean share prices are likely to continue their long running streak of gains in the coming week even though the upward momentum is expected to become weaker, dealers said on Friday. They said the bourse had been on an upward swing for the past 15 weeks, pulled-up by ample liquidity and global strength.
For the week to June 15 the key KOSPI index gain 2.6 percent to close at 1,772.26 points on Friday. "There are no clear reasons to believe that the rising streak will end in the coming week," said Park Seok-Hyun of Kyobo Securities.
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