The South Korean stock market closed higher on Friday, extending its gains for the fourth straight trading session, as investor sentiment was buoyed by Finance Minister Kang Man-soo’s forecast earlier in the day that South Korea will post a current account surplus next year, along with surpluses in November and December. However, the gains were capped after government data showed that South Korea’s industrial production declined in October. The benchmark Korea Composite Stock Price Index or KOSPI closed up 12.6 points or 1.2% at 1,076.1.
On November 28, 2008, In Asian Market News by admin