SEOUL, April 27 (Reuters) - Seoul shares may advance on
Monday after rises on Wall Street, with a set of
better-than-expected U.S. and domestic earnings likely to lift
sentiment.
"Domestically, we had quite a solid set of quarterly results
last week, including those from Samsung Elec (005930.KS), and
combined with those from the United States on Friday, shares will
start off in positive territory," said Kum Hyoung-ryoul, a market
analyst at NH Investment & Securities.
Sentiment could be further helped by U.S. data showing that
the supply of unsold new homes in March posted in the biggest
drop in more than 45 years, and durable goods orders fell less
than expected, offering hopes the world's largest economy is
stabilising. [ID:nN24416975]
LG Telecom (032640.KS) may be in the spotlight with the
smallest of South Korea's three mobile phone operators reporting
quarterly earnings early on Monday morning.
Stronger oil CLc1, which jumped 4 percent on Friday, may
weigh on airlines including Korean Air Line (003490.KS) and
Asiana Airlines (020560.KS). [ID:nSP416073]
The Korea Composite Stock Price Index (KOSPI) finished down
1.07 percent at 1,354.10 points on Friday.
----------------------MARKET SNAPSHOT @ 2241 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 866.23 1.68% 14.310
USD/JPY JPY= 96.75 -0.07% -0.070
10-YR US TSY YLD US10YT=RR 2.9903 -- 0.000
SPOT GOLD XAU= 915.8 0.52% 4.700
US CRUDE CLc1 50.87 -1.32% -0.680
DOW JONES .DJI 8076.29 1.50% 119.23
ASIA ADRS .BKAS 100.38 1.60% 1.58
-------------------------------------------------------------
MARKETS SUMMARY
*Earnings, banks lift Wall St; Nasdaq up for week [nN24448427]
*Oil tops $51 on stronger equities, weaker dollar [nSP416073]
*Euro rises for 4th session vs dlr as data improves [nN24429042]
*Treasuries hit by supply fears, yield test 3 pct [nN24447414]
STOCKS TO WATCH
HANA FINANCIAL GROUP (086790.KS)
The South Korean financial group said on Friday it swung to a
loss in the first quarter, reflecting hefty charges against its
exposure to a display parts maker and deteriorating interest
margins. [ID:nSEL000581]
SK ENERGY (096770.KS)
South Korea's top crude refiner said on Friday it posted a
247 billion won ($184.4 million) net profit in the first quarter
of this year, up 2 percent from a year ago. [ID:nSEL000580]
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)
