South Korea's stock market is expected to take a breather in the coming week with investors awaiting US economic data, analysts said Friday. The KOSPI index closed the week at 1,608.90, up 0.96 points from the previous on Friday. Analysts said investors would closely watch the Group of 20 finance ministers' meeting in London this weekend.
Investors were also cautious about whether the upcoming US non-farm payroll data would re-ignite debate about the pace of the economic recovery. Park Sung-Hun of Woori Investment and Securities told Dow Jones Newswires that the market is expected to hover around 1,600 points next week.
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