Seoul shares expected to rise; volume drop weighs

SEOUL, Nov 6 (Reuters) - Seoul shares may turn higher on Friday, taking a positive cue from the broad-based advance in U.S. markets overnight on positive economic data, but dwindling trade volume will likely temper any rebound.

U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labour market may be starting to bottom out. [ID:nN05106320]

"There are neither positive nor negative leads, in the absence of market-leading stocks," said Lee Dong-jun, a market analyst at Samsung Securities.

"We can expect a rebound in heavily underperforming stocks, in response to the U.S. market rally."

The Korea Composite Stock Price Index shed 1.75 percent to 1,552.24 points on Thursday.

Volume fell to the smallest since late August, 2008, with about 201 million shares changing hands.

----------------------MARKET SNAPSHOT @ 2304 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 .SPX 1066.63 1.92% 20.130

USD/JPY JPY= 90.74 0.06% 0.050

10-YR US TSY YLD US10YT=RR 3.5274 -- 0.000

SPOT GOLD XAU= 1089.85 0.03% 0.300

US CRUDE CLc1 79.75 0.16% 0.130

DOW JONES .DJI 10005.96 2.08% 203.82

ASIA ADRS .BKAS 122.66 1.35% 1.63 -------------------------------------------------------------

MARKET SUMMARY