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South Korea Shares May Take A Breather On Wednesday

The South Korea stock market has finished higher in four straight sessions, rising more than 40 points or 2 percent along the way. The KOSPI now rests just above the 2,110-point plateau although it may spin its wheels on Wednesday.

The global forecast for the Asian markets is mixed and flat, with profit taking expected following recent gains. The European markets were up and the U.S. bourses were slightly lower and the Asian markets figure to split the difference.

The KOSPI finished modestly higher again on Tuesday following gains from the technology stocks and mixed performances from the financial shares and industrials.

For the day, the index picked up 12.32 points or 0.59 percent to finish at 2,111.81 after trading between 2,094.60 and 2,114.57. Volume was 542 million shares worth 4.1 trillion won. There were 646 gainers and 183 decliners.

Among the actives, Shinhan Financial collected 022 percent, while KB Financial skidded 1.00 percent, Hana Financial fell 0.40 percent, Samsung Electronics added 0.11 percent, LG Electronics soared 6.03 percent, LG Display advanced 2.04 percent, SK hynix gained 0.60 percent, POSCO perked 1.48 percent, KEPCO soared 3.35 percent, Hyundai Motor rose 0.35 percent, Kia Motors shed 0.47 percent, Korean Air eased 0.15 percent and SK Telecom was unchanged.

The lead from Wall Street is soft as stocks failed to sustain an initial move to the upside Tuesday, bouncing back and forth across the unchanged line before closing slightly lower.

The Dow shed 14.17 points or 0.05 percent to end at 26,048.51, while the NASDAQ lost 0.60 points or 0.01 percent to 7,822.57 and the S&P 500 fell 1.01 points or 0.03 percent to 2,885.72.

The initial strength on Wall Street reflected recent optimism for a potential interest rate cut by the Federal Reserve, with the central bank due to make its next monetary policy decision next week.

Buying interest waned shortly after the start of trading, however, inspiring traders to cash in on recent gains as they await further developments regarding the ongoing trade dispute between the U.S. and China.

Crude oil futures ended little changed on Tuesday as traders appeared to be waiting for a clear picture to emerge from the OPEC meeting scheduled June 25 in Vienna. West Texas Intermediate crude oil futures for July ended at $53.27 a barrel, up a penny from Monday's close.

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