S. Korean stocks likely to rise next week, analysts say

SEOUL, Nov. 29 (Yonhap) -- South Korean stocks will probably extend their gains
next week as foreign sell-offs eased amid hopes that a series of global measures
may cushion economies from the economic malaise, analysts said Saturday.

"The December stock market is seen as somewhat optimistic as central banks around
the world are likely to cut interest rates and investors typically buy stocks for
year-end dividends," said Daewoo Securities analyst Lee Seung-woo.
This week, the nation's benchmark stock index KOSPI gained 72.34 points or 7.2
percent to end at 1,076.07.
But some analysts were cautious.
"It's difficult for us to expect investor sentiment to significantly improve
because economic indicators at home and the United States continue to
deteriorate," said Goodmorning Shinhan Securities analyst Kim Joong-hyun.
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