S. Korean stocks to move narrowly next week

SEOUL, Nov. 7 (Yonhap) -- South Korean stock prices are likely to move within a
narrow range in the coming week with little upward momentum predicted for
equities, analysts said Saturday.

"Stock prices are expected to remain range-bound next week," said Samsung
Securities analyst Kim Seong-bong, citing worse-than-expected U.S. job data that
casts a shadow on global economic recovery.
Cautious trading is forecast ahead of a policy meeting by South Korea's central
bank on Thursday.
Last month, the Bank of Korea left its key interest rate at a record low of 2
percent for the eighth consecutive month as the nation is struggling with its
worst economic slump in a decade.
Over the week, the benchmark KOSPI fell 0.52 percent to 1,572.46. Trading volume
was thin at about 3 trillion won (US$2.6 billion) a day.
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