
South Korean stocks are expected to rebound next week on hopes that U.S. central bankers will give reassuring signs about putting the stimulus cut on hold in their upcoming speeches, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) closed down 2.23 percent to 1,984.87 on Friday from a week earlier. The main index erased most of the gains from recent rallies, falling to the lowest point in two months and below the psychologically significant 2,000 mark for the first time since Oct. 7.
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