South Korean share prices will remain dogged by subdued trading in the coming week ahead of the US Federal Reserve's policy meeting and the release of other US economic data, dealers said Friday.
"The market is likely to be slow in the early part of the coming week as investors are waiting for the US Federal Reserve's policy making meeting scheduled for September 18," said Kim Seong-Bong of Samsung Securities.
He said, however, even if the US central bank cuts the federal fund rates, it would have no serious impact on the market as possible interest rate cuts had widely been factored into share prices.
"The market is expected to remain slow for a while, looking for directions from the US market," he said. "The Chusok holidays from September 23 to 26 are another factor that prevents investors from playing actively." For the week to September 14, the KOSPI index fell 0.8 percent to 1,870.02.
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