* Seoul stocks down but losses capped by foreign buying
* Samsung earnings guidance due on Tuesday
* Won almost flat after hitting 3-mth high
By Jungmin Jang
SEOUL, April 7 Seoul stocks edged down by midday
on Monday, tracking sharp declines on Wall Street, but losses
were limited as foreigners extended their net-buying streak
ahead of Tuesday's earnings guide by Samsung Electronics.
The Korea Composite Stock Price Index (KOSPI) was
down 0.2 percent at 1,983.53 points at 0330 GMT, with declines
capped by foreign net purchases amounting to 37 billion won
"There was some profit-taking selling amid caution after the
declines in the U.S. stock markets, and foreign buying fell
short of reversing the market's overall course," said Lim
Dong-rak, analyst at Hanyang Securities.
Samsung Electronics, the world's biggest
smartphone maker, is due to release its first-quarter earnings
guidance early on Tuesday. Its shares were up 0.5 percent at
1,387,000 won at 0330 GMT.
Profit-taking on high-flying momentum stocks had hit the
Nasdaq hard on Friday and dragged the Dow and S&P off historic
highs. The Nasdaq shed 2.6 percent in its biggest daily
loss since February, while the Dow fell 0.96 percent.
Meanwhile, the South Korean won stood almost flat
after having edged up to hit a three-month high against the
dollar. It was quoted at 1,052.9 per dollar at 0330 GMT versus
Friday's local close of 1,053.5.
0330 GMT Prev close
Dollar/won 1,052.9 1,053.5
Yen/won 10.1907/956 10.1999
*KTB futures 105.72 105.67
KOSPI 1,983.53 1,988.09
* Front-month futures on three-year treasury bonds
($1 = 1,053.5000 Korean Won)
(Editing by Choonsik Yoo and Jacqueline Wong)