South Korean share prices are likely to see a volatile week following a recent steep run-up, dealers said Friday. "Next week will be full of macroeconomic data and corporate earnings.
"The market will likely see more volatility, although a room for further gains appears to be limited," Park Hyong-Ryul, a fund manager at Consus Asset Management Co. For the week to October 26, the benchmark KOSPI index rose 2.9 percent in value to 1,970.10 points on Friday.
Park Hong-Ryul forecast only limited rise for the coming week, saying hopes for the Fed's rate cut had already been factored in prices.
Park Seok-Hyun, a stock analyst at Seoul Securities also said the pace of gains is likely to slow in coming days.
Kim Jung-hyun, an analyst at Good morning Shinhan Securities, said investors were recovering from overseas shocks and regaining confidence, bringing the index over the 2,000-point mark in six days.