Seoul shares seen higher; eyes on foreign trading

SEOUL, April 7 (Reuters) - Seoul shares are set to open
higher on Wednesday after rises on Wall Street, with blue-chip
stocks in technology and auto sectors seen likely to gain, and
the market keeping an eye on foreign investors, the single
largest buyers in the market.

"Upward velocity has weakened but shares will still open in
the positive territory. Upward momentum will continue in the
longer-term, and I think the main index could hit as high as
1,750 points, while we have strong support at 1,700 points,"
said Won Sang-pil, a market analyst at Tong Yang Securities.

Energy price-sensitive issues such as Korean Air Line
(003490.KS) could react to a spike in crude oil prices CLc1
to an 18-month high.

The Korea Composite Stock Price Index .KS11 (KOSPI)
finished up 0.06 percent at 1,726.09 points on Tuesday.
----------------------MARKET SNAPSHOT @ 2228 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1189.44 0.17% 2.000
USD/JPY JPY= 93.75 0.01% 0.010
10-YR US TSY YLD US10YT=RR 3.9564 -- 0.000
SPOT GOLD XAU= 1133.95 0.07% 0.750 US
CRUDE CLc1 86.72 -0.14% -0.120 DOW
JONES .DJI 10969.99 -0.03% -3.56 ASIA
ADRS .BKAS 136.08 -0.23% -0.31
-------------------------------------------------------------
MARKET SUMMARY *S&P, Nasdaq lifted by banks, Fed minutes; Dow
dips [nN06142258] *Dlr/yuan NDF's fall after US currency report
delay [nTOE63506L] *Fed considering policy shift on Treasury
holdings [nN06237879] *Oil rises to new 18-mth high, eyes
inventory data [nSGE63505J]

STOCKS TO WATCH

MEMORY CHIP MAKERS

Japanese memory chip maker Elpida Memory Inc 6665.T will
raise $200 million by selling new shares and convertible bonds
to U.S.-based Kingston Technology.[ID:nTOE63104Z]

HANDSET MAKERS

Nokia (NOK1V.HE) is working on its own tablet computer,
scheduled to reach stores later this year.[ID:nLDE6351O8]

(Reporting by Jungyoun Park; Editing by Valerie Lee)