Seoul shares likely to bounce back on ECB policy hopes

The South Korean stock market is likely to rebound next week on the back of rising hopes for an additional stimulus by the European Central Bank (ECB), analysts said Saturday.
The country's key stock market index, the KOSPI, closed 1.9 percent lower on Friday than a week ago, on a continued slide in global oil prices that fell to their lowest levels in more than four years, and renewed concerns over Greece's potential exit from the eurozone economy.
Analysts said South Korean shares are expected to creep up next week as investors keep an eye on the ECB's policy meeting later this month.