Seoul market likely to remain unchanged

South Korea's stock market is expected to trade largely unchanged in the coming week, with investors cautious after its recent steep rise, analysts said Friday. "The market is likely to receive a boost from positive developments such as the US economic stimulus plan waiting to be passed by the Senate," SK Securities analyst Choi Sung-Rak told AFP.
"However, investors feel uneasy about the recent steep rise by local shares and it remains to be seen whether the upward momentum will last through the coming week." The KOSPI closed Friday at 1,210.26 points, up 48.15 points or 4.1 percent from the previous week.