Seoul shares seen up;eyes on KEPCO, Hyundai E&C

SEOUL, Dec 28 (Reuters) - Seoul shares could rise on Monday
after Christmas Eve gains on Wall Street that lifted U.S. shares
to their 2009 highs, with issues related to a major nuclear power
deal, including KEPCO (015760.KS), set to gain.

"U.S. stocks ended on a fairly positive note, and are set to
help Seoul shares start in positive territory today. But given
that the main index has neared the psychologically significant
1,700 point level, gains are likely to be limited," said Lawrence
Kim, a market analyst at Woori Investment & Securities.

"Stocks related to the nuclear order will also be strong.
Builders are riding on positive news flows. Domestically, they
are set to benefit from the four rivers redevelopment project,
and overseas, they've won this meaningful nuclear power deal,"
Kim added.

A South Korean consortium led by Korea Electric Power Corp,
and including Hyundai Engineering & Construction (000720.KS),
Samsung C&T Corp (000830.KS) and Doosan Heavy Industries
(034020.KS), won a landmark deal to build and operate four
nuclear reactors for the United Arab Emirates. [ID:nLDE5BQ05O]

The Korea Composite Stock Price Index .KS11 (KOSPI)
finished up 1.26 percent at 1,682.34 points on Thursday. The
market was closed on Friday for the Christmas holiday.
----------------------MARKET SNAPSHOT @ 2304 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1126.48 0.53% 5.890
USD/JPY JPY= 91.54 0.39% 0.360
10-YR US TSY YLD US10YT=RR 3.8048 -- 0.000
SPOT GOLD XAU= 1106.15 0.21% 2.350
US CRUDE CLc1 77.92 -0.17% -0.130
DOW JONES .DJI 10520.10 0.51% 53.66
ASIA ADRS .BKAS 128.29 0.93% 1.18
-------------------------------------------------------------

MARKET SUMMARY
*Data lifts Wall St to 2009 highs on Christmas eve [nN24190174]
*Oil rises, snaps six-day slide on gasoline buying [nSP476597]
*Treasuries weighed by supply worries in thin trade [nN24422838]
*U.S. dollar falls versus euro in thin trade [nN24180093]

STOCKS TO WATCH

HYNIX (000660.KS)

The world's No.2 memory chip maker said late on Thursday it
planned 2.3 trillion won ($1.95 billion) in capital expenditure
next year, confirming an earlier estimate from its
shareholders.[ID:nSEL002842]

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)