Seoul shares seen down on U.S. data, fall

SEOUL, April 15 (Reuters) - Seoul shares are likely to fall
on Wednesday as weak retail data hurt Wall Street, with techs
likely to be under pressure after Intel Corp (INTC.O) fell
despite solid earnings after failing to give a clear revenue
forecast.

"Seoul shares will probably undergo some correction after
overnight falls in U.S. stocks, but it will not likely be
significant. We think this will be a little bump on the road to
the market's gradual rebound, said Park So-yeon, a market
analyst at Korea Investment & Securities.

Analysts expected a limited impact from news that North
Korea ordered U.N. inspectors to leave on Tuesday after saying
it would quit international nuclear disarmament talks and
restart a plant that makes bomb-grade plutonium [ID:nSP497987].

"North Korea has more political implications than economic
implications. I do not think investors will pay much attention
to it," said Kim Se-jung, a market analyst at Shinyoung
Securities.

Elsewhere, Daewoo Shipbuilding and Marine Engineering
(042660.KS) may be eyed after Korea Asset Management Corp, a
state debt clearer, said on Tuesday it would consider the best
time later this year to sell a stake in Daewoo Shipbuilding.
[ID:nSEO91082]

The Korea Composite Stock Price Index .KS11 (KOSPI) ended
up 0.33 percent at 1,342.63 points on Tuesday.
----------------------MARKET SNAPSHOT @ 2246 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 841.5 -2.01% -17.230
USD/JPY JPY= 98.94 0.13% 0.130
10-YR US TSY YLD US10YT=RR 2.79 -- 0.000
SPOT GOLD XAU= 889.5 0.07% 0.650
US CRUDE CLc1 49.11 -0.61% -0.310
DOW JONES .DJI 7920.18 -1.71% -137.63
ASIA ADRS .BKAS 98.16 -1.95% -1.95
-------------------------------------------------------------

MARKET SUMMARY *Weak retail sales, Goldman hit Wall Street

[ID:nN14457216] *Oil slips below $50 on demand, inventory
f'casts[ID:nSP458479] *Dollar, yen gain on renewed safe-haven
bid [ID:nN14451216] *Treasuries climb on falling retail
sales data [ID:nN14581335]

STOCKS TO WATCH

KEPCO (015760.KS), POSCO (005490.KS)

State-run Korea South-East Power Corp (KOSEP), a unit of
KEPCO, said on Tuesday it would spend 3.6 trillion won ($2.7
billion) building renewable energy plants with POSCO
Engineering & Construction, a unit of POSCO until 2015.
[ID:nSEO28604]

(Reporting by Jungyoun Park; Editing by Dhara Ranasinghe)