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Inter-Korean summit, G2 trade talks on investors' radars next week

2018/09/15 10:00

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SEOUL, Sept. 15 (Yonhap) -- Seoul shares are expected to fluctuate depending on the results of the bilateral summit between the two Koreas and possible trade talks between the United States and China, analysts said Saturday.

The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,318.25 on Friday, up 1.6 percent from a week earlier.

The bourse had choppy trading this week due to lingering tensions between the world's two largest economies.

The index rebounded Thursday and extended the gains until Friday after a two-day losing streak on news that Washington has reached out to Beijing for a new round of trade talks.

Next week, investors will pay keen attention to the prospective talks between the two countries amid a prolonged tariff row, according to analysts.

Meanwhile, shares related to North Korea are expected to show big moves next week as South Korean President Moon Jae-in is set to visit Pyongyang for what would be his third bilateral summit with North Korean leader Kim Jong-un.

Moon earlier said he will seek to further reduce military tension on the Korean Peninsula.

"Businessmen will accompany Moon on the visit to talk about economic cooperation with the North, but it will be hard for them to come up with detailed plans as sanctions on North Korea will not be lifted until the regime begins denuclearization procedures," Kim Byung-yeon, an analyst at NH Investment & Securities, said.

scaaet@yna.co.kr

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