(RTTNews) – South Korea’s stock market has advanced in three consecutive sessions, harvesting nearly 70 points or 2.8% along the way. KOSPI is now just below the 2,745 plateau, although it is expected to consolidate on Monday.

The overall outlook for Asian markets is negative due to continued uncertainty created by fears of an imminent Russian invasion of Ukraine. European and American markets were down and Asian exchanges are expected to open similarly.

The KOSPI ended marginally higher on Friday as gains in heavy industries and shipbuilders were offset by weakness in technology and financial companies.

For the day, the index rose 0.43 points or 0.02% to end at 2,744.52 after trading between 2,711.88 and 2,747.08. The volume was 506 million shares worth 8.4 trillion won. There were 622 winners and 225 decliners.

Among assets, KB Financial fell 2.15%, while Hana Financial lost 0.57%, Samsung Electronics fell 0.93%, LG Electronics slipped 0.40%, SK Hynix slipped 1.13%, Naver fell 2.00%, Samsung SDI fell 0.36%, LG Chem fell 1.72%. %, Lotte Chemical jumped 4.36%, Korea Shipbuilding jumped 1.57%, Daewoo Shipbuilding rebounded 2.37%, Samsung Heavy Industries rose 1.09%, S-Oil plunged 2 .93%, SK Innovation fell 0.47%, POSCO lost 0.53%, SK Telecom sank 0.90%. , KEPCO jumped 2.03%, Kia Motors fell 1.01% and Hyundai Motor and Shinhan Financial were unchanged.

Wall Street’s lead is weak as major averages opened lower on Friday and remained that way for most of the session, ending firmly in the red.

The Dow Jones lost 232.85 points or 0.68% to end at 34,079.18, while the NASDAQ fell 168.65 points or 1.23% to close at 13,548.07 and the S&P 500 fell. lost 31.39 points or 0.72% to end at 4,348.87. For the week, the Dow Jones fell 1.9%, the NASDAQ fell 1.8% and the S&P fell 1.6%.

Wall Street’s continued weakness came amid lingering geopolitical concerns as the Ukrainian government and Russian state-controlled media continued to trade accusations of ceasefire violations in the east of the country.

Uncertainty over the outlook for monetary policy also continued to weigh on markets ahead of an anticipated interest rate hike by the Federal Reserve next month.

In US economic news, the National Association of Realtors reported a surge in sales of existing homes last month. In addition, the Conference Board showed an unexpected decline in its main US economic indicators in January.

Crude oil prices fell on Friday amid signs of negotiations to restore the Iran nuclear deal. West Texas Intermediate crude oil futures for March ended down $0.69 or 0.36% at $91.07 a barrel. WTI futures lost 2.2% during the week.

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