Seoul shares seen up on U.S. gains, easier oil

SEOUL, Dec 3 (Reuters) - Seoul shares may rise on Wednesday
after a firm finish on Wall Street overnight, with financials in
particular likely to lead gains after their U.S. peers' big
rally, while easier oil may lend support to transporters.

Banking issues including Shinhan Financial Group (055550.KS)
may advance after U.S. financials rose following the U.S. Fed's
statement on Tuesday that it was extending the terms of three
emergency liquidity facilities integral to stabilising banks
[ID:nN02534408].

The S&P financial index .GSPF rose nearly 8 percent on
Tuesday.

"The market is expected to rebound a bit after firm gains in
the U.S. We have to closely look at foreign investors' moves if
they restart buying after Wall Street gained overnight," said Kim
Joong-hyun, a market analyst at Goodmorning Shinhan Securities.

Foreign investors were net sellers of 10 billion won worth of
shares after hanging in as net buyers for most of the afternoon
session, nearly getting to a fifth straight netbuying session.

"....there are hopes over a U.S. auto industry rescue and
further measures to... help boost banks' capital," said Kim
Seong-bong, a market analyst at Samsung Securities.

U.S. automakers sharpened their pleas for a government
lifeline on Tuesday, submitting plans to Congress as they tried
to show they have a viable future.[ID:nL2302765]

Meanwhile oil's fall CLc1 to around $46 per barrel may help
transporters including Korean Air Line (003490.KS). Oil is now
some $100 a barrel down from its July record high.

The Korea Composite Stock Price Index finished down
3.4 percent at 1,023.20 points on Tuesday.
----------------------MARKET SNAPSHOT @ 2247 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 848.81 3.99% 32.600
USD/JPY JPY= 93.13 -0.15% -0.140
10-YR US TSY YLD US10YT=RR 2.7015 -- -0.024
SPOT GOLD XAU= 781.3 -0.03% -0.200
US CRUDE CLc1 46.96 0.00% -2.320
DOW JONES .DJI 8419.09 3.31% 270.00
ASIA ADRS .BKAS 84.19 4.18% 3.38
-------------------------------------------------------------

MARKET SUMMARY
*U.S. stocks up on confidence boost from GE [ID:nN02287793]
*Oil drops 4.7 pct, down $100 from record [ID:nSP196932]
*Drl, yen fall as stock gains boost risk appetite [ID:nN02428074]
*Treasuries rise; safety bid holds despite stks [ID:nN02422362]

STOCKS TO WATCH

CARMAKERS

U.S. auto sales fell for the 13th consecutive month in
November, led by 47 percent sales drop at Chrysler and a 41
percent decline at General Motors Corp GM.N, and major
automakers said there as no sign that demand would rebound in the
next six months in the world's largest vehicle
market.[ID:nL2340060]

HANJIN HEAVY INDUSTRIES (003480.KS)

South Korea's Hanjin Heavy Industries is proceeding with its
plan to build $2 billion shipyard project in the southern
Phillipines.[ID:nHKG259183]

HYNIX SEMICONDUCTOR (000660.KS)

Memory chip maker Numonyx delated a purchase of a small stake
in its Chinese joint venture with Hynix
Semiconductor.[ID:nSEO181636]

(Reporting by Park Jung-youn; Additional reporting by Park
Ju-min; Editing by Keiron Henderson)