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Results of the U.S. midterm elections, which have resulted in a Democratic victory in the House of Representatives and net gains in the Senate, are seen as a boon for the Korean stock market.
That's because analysts view the Democratic Party's policy toward North Korea as more flexible than the path the conservative Republicans have been pursuing.
The end result Woori Investment Securities forecasts is a possible lowering of tensions over North Korea's nuclear program in favor of greater dialogue rather than sanctions. Hanwha Securities says the psychological impact of the election results will have a positive effect on the Korean bourse.
Arirang News
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