SEOUL, Feb. 3 (Yonhap) -- South Korean shares are likely to remain within a tight range next week due to profit-taking opportunities following recent gains.
The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,525.39 points on Friday, falling 1.92 percent over the week.
Earlier this week, the KOSPI briefly rose above the 2,600-point mark, but gains were eroded by worries about Samsung Electronics and rising U.S. Treasury yields.
The yield on benchmark 10-year U.S. Treasurys stood at 2,797 percent on early Friday, marking the highest level since April 2014.
Some analysts said local stock markets are likely to face further correction as the likelihood of a rate hike by the U.S. Federal Reserve in March has increased.
In a research note, Samsung Securities said investors may adjust their portfolio in line with a steady rise in market interest rates.
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