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Article: Prospects for Stock Market Bright Till Year of End: Analysts.
- Article from:
- Korea Times (Seoul, Korea)
- Article date:
- November 1, 1999
CopyrightCOPYRIGHT 1999 Hankook Ilbo. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prospects for the stock market are forecasted as being bright through the end of the year, especially now that fears of another financial crisis this month are quickly dying out, market analysts said yesterday.
According to them, the ceiling for the withdrawal of funds associated with Daewoo Bonds is to increase to 80 percent from Nov. 10 and this is putting to rest concerns over a run on financial institutions.
Yet another positive indicator for the stock market is that foreign and institutional investors are still on the buying block although it remains to be seen how long the trend will continue.
Most importantly, what concerns investors ...