Seoul shares may fall on U.S. loss; focus on POSCO

SEOUL, Oct 14 (Reuters) - Seoul shares are set to open
lower on Wednesday after losses overnight on Wall Street amid
earnings jitters. POSCO (005490.KS), the world's No.4
steelmaker, will be in focus as it posts quarterly results.

"Seoul stocks will inevitably be affected by U.S. markets'
falls, and worries about U.S. earnings, particularly the bank
earnings, are set to weigh on sentiment here as well," said Lee
Kyung-soo, a market analyst at Shinyoung Securities.

"Markets are still trying to digest the likelihood the
economic recovery will be more gradual than expected, and this
could prompt selling by foreign investors, whose appetite for
Seoul shares have been waning lately," Lee added.

Meanwhile POSCO could be in spotlight as the steelmaker is
expected to post solid set of numbers for its third quarter
earnings, helped by lower raw material prices and pickup in
demand.

The Korea Composite Stock Price Index .KS11 (KOSPI) ended
down 0.66 percent at 1,628.93 points on Tuesday.
----------------------MARKET SNAPSHOT @ 2249 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500

.SPX 1073.19 -0.28% -3.000 USD/JPY

JPY= 89.76 0.08% 0.070 10-YR US TSY
YLD US10YT=RR 3.3394 -- 0.000 SPOT GOLD

XAU= 1064.45 0.10% 1.100 US CRUDE

CLc1 74.86 0.96% 0.710 DOW JONES

.DJI 9871.06 -0.15% -14.74 ASIA ADRS

.BKAS 123.82 0.07% 0.09
-------------------------------------------------------------
MARKET SUMMARY *Yen, dollar slide as risk appetite recovers
[nN09474629] *Wall Street ekes out gain on banks, materials
[nN09469818] *Oil rises, snaps six-day slide on gasoline buying
[nSP476597] *Treasuries jump on weak stocks, slow-recovery view
[nN13192884]

STOCKS TO WATCH

LG CHEM (051910.KS)

LG Chem said late on Tuesday its third quarter net profit
hit 543 billion won ($465.7 million), up from the previous
year's 297 billion won. [ID:nSEL002680]

SK ENERGY (096770.KS)

South Korea's SK Energy said late on Tuesday it had been in
talks to supply rechargeable auto batteries to CT&T, a local
maker of small electric vehicle. [ID:nSEO334139]

(Reporting by Jungyoun Park; Editing by Sanjeev Miglani)