1.8%

The Globe and Mail (Alberta Edition) - - GLOBE INVESTOR WEEKEND -

South Korean stocks pared losses as in­vestors di­gested the im­pact of North Korea’s sec­ond mis­sile launch over Ja­pan in less than three weeks. The Kospi in­dex rose 0.4 per cent at the close of trad­ing in Seoul, re­vers­ing an ear­lier fall of as much as 0.5 per cent. Even with the es­ca­lat­ing rhetoric and ac­tion from North Korea, the Kospi has con­tin­ued to trade near record lev­els as an­a­lysts ex­pect cor­po­rate prof­its to al­most dou­ble this year. The in­dex rose 1.8 per cent this week.

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