Seoul shares seen up; eyes on BOK, LG Telecom

SEOUL, Oct 9 (Reuters) - Seoul shares may rise on Friday
after gains overnight on Wall Street, but gains could be limited
by caution before the Bank of Korea's interest rate decision and
comments, with eyes also on the won KRW=.

"Global market developments overnight will probably have a
limited impact on Seoul markets today as we await the keenly
followed central bank rate decision and comments on its monetary
stance," said Kim Hyoung-ryoul, a market analyst at NH
Investment & Securities.

"The Bank of Korea probably will not make drastic comments,
but if it signals an earlier-than-expected rate hike aimed at
stemming market liquidity, it could weigh on sentiment. It's
expected to focus largely on the real estate market," Kim said.

Kim added that forex markets would be closely watched, with
continued strength in the won likely to pressure exporters.

LG Telecom (032640.KS), LG Dacom 015940.KS, and LG
Powercom 045820.KS may also come into the spotlight after news
LG Group plans to go ahead with a long-considered merger of its
three telecom units in the near future. [ID:nSEO33350]

The Korea Composite Stock Price Index .KS11 (KOSPI)
finished up 1.09 percent at 1,615.46 points on Thursday.
----------------------MARKET SNAPSHOT @ 2240 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1065.48 0.75% 7.900
USD/JPY JPY= 88.45 0.11% 0.100
10-YR US TSY YLD US10YT=RR 3.2477 -- 0.000
SPOT GOLD XAU= 1053.25 -0.07% -0.750
US CRUDE CLc1 71.34 -0.49% -0.350
DOW JONES .DJI 9786.87 0.63% 61.29
ASIA ADRS .BKAS 123.89 1.71% 2.08
-------------------------------------------------------------

MARKET SUMMARY
*Wall St gains as Alcoa's profit bolsters optimism [nN08542438]
*Oil rises above $71 on recovery hope, weak dollar [nL8565158]
*US dollar hurt by push to riskier assets [nN08534901]
*Treasuries fall on poorly received 30-yr bond sale[nN08574014]

STOCKS TO WATCH

SK ENERGY (096770.KS)

South Korea's top crude refiner is in the final stages of
talks to supply rechargeable batteries to Daimler's (DAIGn.DE)
Japanese truck unit. [ID:nSEO27479]

CELLTRION INC (068270.KQ)

Hospira Inc (HSP.N) said on Thursday that it has signed an
agreement with Celltrion that will expand the U.S. company's
portfolio of generic biotechnology drugs in development.
[ID:nN08216374]

PULMUONE HOLDINGS (017810.KS)

Monterey Gourmet Foods Inc PSTA.O agreed to be acquired by
Pulmuone's U.S. unit for $2.70 per share in cash, in a
transaction that is valued at about $45.8 million. [ID:nWNAB7575]

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)