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Tech Shares May Provide Mild Lift For South Korea Shares

The South Korea stock market on Monday snapped the four-day losing streak in which it had fallen almost 30 points or 1.2 percent. The KOSPI now rests just above the 2,180-point plateau and it may inch higher again on Tuesday.

The global forecast for the Asian markets is mixed and flat amid uncertainty about the outlook for global trade, while weakness in crude oil prices is likely to cap any upside. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets are tipped to follow the latter lead.

The KOSPI finished slightly higher on Monday as gains from the technology stocks and industrials were capped by weakness from the financial sector.

For the day, the index collected 3.68 points or 0.17 percent to finish at 2,180.73 after trading between 2,167.36 and 2,181.58. Volume was 398.63 million shares worth 5.15 trillion won. There were 471 decliners and 368 gainers.

Among the actives, Samsung Electronics added 0.45 percent, while LG Electronics surged 6.94 percent, LG Display perked 1.33 percent, SK hynix gained 0.82 percent, POSCO climbed 1.14 percent, KEPCO accelerated 2.08 percent, Hyundai Motor advanced 1.59 percent, Kia Motors jumped 1.65 percent, Shinhan Financial skidded 1.25 percent, Hana Financial fell 0.37 percent and KB Financial tumbled 3.64 percent.

The lead from Wall Street provides little guidance as stocks showed a lack of direction on Monday, bouncing back and forth across the unchanged line before ending mixed.

The Dow shed 53.22 points or 0.21 percent to finish at 25,053.11, while the NASDAQ added 9.71 points or 0.13 percent to 7,307.90 and the S&P rose 1.92 points or 0.07 percent to 2,709.80.

The choppy trading on Wall Street came amid uncertainty ahead of the next round of trade talks between the U.S. and China due to take place later this week as the world's two largest economies try to make a deal before an early March deadline.

A jump in tariffs on Chinese goods is currently set to take effect at that time, although they could be delayed if talks between U.S. and Chinese officials continue to make progress toward a trade deal.

Crude oil prices recovered from early weakness on Monday but still settled lower as weak global growth outlook raised concerns about energy demand. West Texas Intermediate Crude oil futures for March ended down $0.31 or 0.6 percent at $52.41 a barrel, well off the day's low of $51.23.

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