Seoul stocks to move in tight range next week

Yonhap News Agency | Oct 19, 2019 at 1:00 AM
  • South Korean stocks are expected to move in a tight range next week as investors remain wary over the U.S-China trade row, analysts said Saturday.
  • In a widely expected move, the Bank of Korea (BOK) slashed its key rate to 1.25 percent from 1.5 percent this week — the second rate cut in three months.
  • South Korea’s economy contracted 0.4 percent in the first quarter before rebounding 1 percent in the second quarter.