Seoul shares seen higher after losses, US surge

SEOUL, Nov 14 (Reuters) - Seoul shares are set to rise on
Friday after a three-day losing streak during which the index
shed 6 percent, with big gains in Wall Street overnight likely to
lend support.

"The surge in U.S. markets on bargain hunting will lift
sentiment, but the gains will be modest, at most cutting some of
yesterday's losses," said Sung Jin-kyung, a market analyst at
Daishin Securities.

"Despite the government's latest support measures, banks and
builders will likely be under continuous scrutiny as their
financial conditions are seen growing weak," Sung added.

South Korea's financial regulator said on Thursday that
central bank and the finance ministry planned to provide $16
billion in foreign currency liquidity [ID:nSEO239365] to
exporters and importers.

Meanwhile car makers including Hyundai Motor (005380.KS) may
be in the spotlight after news that U.S. President-elect Barack
Obama was considering naming a point person to lead efforts to
help the distressed U.S. auto industry return to
health.[ID:nN13352354]

The Korea Composite Stock Price Index ended down 3.15
percent at 1,088.44 points on Thursday.
----------------------MARKET SNAPSHOT @ 2234 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 911.29 6.92% 58.990
USD/JPY JPY= 97.65 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.8525 -- 0.115
SPOT GOLD XAU= 735.4 0.09% 0.650
US CRUDE CLc1 59.39 5.75% 3.230
DOW JONES .DJI 8835.25 6.67% 552.59
ASIA ADRS .BKAS 92.66 7.57% 6.52
-------------------------------------------------------------

MARKETS SUMMARY
*Wall St ends up over 6 pct on bargain hunting [ID:nN13378854]
*Oil rises 4 pct on OPEC, equity market rebound [ID:nSYD383548]
*Dollar falls vs euro on stable stocks, yen tumbles
[ID:nN13365847]
*Treasuries cut losses as stocks' slide boosts bid
[ID:nN13464024]

STOCKS TO WATCH

HYUNDAI MIPO DOCKYARD (010620.KS)

The shipyard said late on Thursday it had signed a $408
million order that revised up a 2007 contract to reflect changes
to ship types. Hyundai Mipo had initially won a $373 million
order for eight container ships from an unidentified company in
Europe in Sept, 2007. [ID:nSEO242700]

(Reporting by Park Jung-youn; Editing by Jonathan Hopfner)