Seoul shares seen higher on U.S. gains, data_163

[Seoul shares seen higher on U.S. gains, data_163]

 Sun Sep 12,<a href="http://www.figurechina.com">Mobile Phone Accessories</a>, 2010 7:40pm EDT

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<pre> SEOUL, Sept 13 (Reuters) - Seoul shares are expected to
open up on Monday after firm gains on Wall Street and a rise in
U.S. wholesale inventory data, which are likely to lift
sentiment towards blue chip exporters such as Samsung
Electronics (005930.KS) and Hyundai Motor (005380.KS).</pre>

<pre> "The market will probably open up today as U.S. stocks'
solid gains and positive wholesale inventory data is set to
boost the mood," said Lee Kyung-soo,<a href="http://pop.salessource.org/forum/25037" target="_blank" style="text-decoration: none;">U.S. foreclosure fiasco frustrates homeowners_150</a>, a market analyst at
Shinyoung Securities.</pre>

<pre> The Korea Composite Stock Price Index .KS11 (KOSPI) ended
up 1.02 percent at 1,802.58 points on Friday, the highest close
since early June 2008. ---------------------MARKET SNAPSHOT @
2253 GMT ------------</pre>

<pre> INSTRUMENT LAST PCT CHG NET CHG
S&amp;P 500 .SPX 1109.55 0.49% 5.370
USD/JPY JPY= 84.31 0.15% 0.130
10-YR US TSY YLD US10YT=RR 2.7954 -- 0.000
SPOT GOLD XAU= 1244.35 -0.05% -0.650
US CRUDE CLc1 76.78 0.43% 0.330
DOW JONES .DJI 10462.77 0.46% 47.53
ASIA ADRS .BKAS 123.33 0.34% 0.42
-------------------------------------------------------------
MARKET SUMMARY *Wall Street gains as economic outlook brightens</pre>

<pre>[nN1094908] *Treasuries slide; post worst week since March
 [nN10274819] *Dollar rises against yen on solid China data

[nN1096022] *Oil rises 3 pct to above $76 on U.S. supply
outage [nSGE689037]</pre>

<pre> STOCKS TO WATCH</pre>

<pre> HYUNDAI HOMESHOPPING (057050.KS)</pre>

<pre> Shares of Hyundai Homeshopping start trading on Monday. The
firm's initial public offering price was 90,000 won per share.</pre>

<pre> DOOSAN HEAVY INDUSTRIES (034020.KS)</pre>

<pre> Doosan Heavy has won a 200 billion won deal from Israel,
according to the Korea Economic Daily.</pre>

<pre> LG DISPLAY (034220.KS)</pre>

<pre> LCD panel prices dropped for a fifth consecutive month in
September to $174 from $186 in August and $208 in April, Yonhap
News Agency reported citing DisplaySearch.</pre>

<pre> (Reporting by Jungyoun Park; Editing by Dhara Ranasinghe)

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Seoul shares seen higher on U.S. gains, data