SEOUL, Oct 27 (Reuters) - Seoul shares are likely to open
lower on Tuesday after losses overnight on Wall Street, but
retail issues such as Lotte Shopping Co Ltd (023530.KS) may be
lifted by strong consumer sentiment data.
"Shares will probably start lower weighed by U.S. stocks'
falls...worries that the United States may cut assistance [to
home buyers] may weigh on sentiment," said Lee Jae-mahn, a market
analyst at Tong Yang Securities.
"Eyes will be on forex markets and export issues as the U.S
dollar is growing stronger, which bodes well for exporters," Lee
added.
Retail stocks such as Lotte Shopping, South Korea's No.2
retailer by market value and Shinsegae Co Ltd (004170.KS), the
country's No.1, may be boosted after central bank data showed
South Korea's key consumer sentiment index rose to its highest in
over seven years.[ID:nSEO274539]
The Korea Composite Stock Price Index (KOSPI)
finished up 1.03 percent at 1,657.11 points on Monday.
----------------------MARKET SNAPSHOT @ 2237 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1066.95 -1.17% -12.650
USD/JPY JPY= 92.19 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.558 -- 0.000
SPOT GOLD XAU= 1038.5 0.13% 1.400
US CRUDE CLc1 78.6 -0.10% -0.080
DOW JONES .DJI 9867.96 -1.05% -104.22
ASIA ADRS .BKAS 123.32 -0.13% -0.16
-------------------------------------------------------------
MARKET SUMMARY
*Wall St drops on home builder fears, financials [nN26208776]
*Oil falls below $79 with equities as dollar firms [nSYD492551]
*Dollar rallies as Wall Street, commodities drop [nN26205381]
*Treasuries retreat amid record dose of issuance [nN26201148]
STOCKS TO WATCH
OCI (010060.KS)
OCI said in a filing to the Korea Exchange that it expected
an agreement to sell its stake in Columbian Chemical Holdings LLC
to One Equity Partners, a unit of JPMorgan Chase (JPM.N), to be
enforced before the end of this year.
The deal is worth about 177 billion won ($149.9 million), OCI
said.
CJ O SHOPPING (035760.KQ)
Goldman Sachs upped its rating on Kosdaq-listed CJ O Shopping
to "Buy" from "Neutral," with a 12-month target price of 104,000
won.
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)
