South Korean share prices could rise in the coming week but investors will be cautious until they see where the US economy is headed, dealers said Friday.
"The market may try to claw back to 1,700 points but it may take a while as major US economic data and the FOMC (Federal Open Market Committee) meeting are in the pipeline next week," said SK Securities analyst Kim Young-Jun. For the week to January 25, the KOSPI index ended Friday on 1,692.41, down 42.31 points or 2.4 percent after recouping some of the losses from the global slump on Monday and Tuesday.
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