* KOSPI on track for worst weekly loss since late June
* LG Display, LG Innotek rise on improved earnings outlook
* Foreigners on track to net sell for a 4th straight day
SEOUL, Dec 6 Seoul shares clawed higher on
Friday after hitting a three-week closing low the pervious day,
but trading was light as investors anxiously awaited the latest
U.S. payrolls report for clues on when the Federal Reserve will
start reducing its stimulus.
On Thursday, Wall Street fell for a fifth straight day as
better-than-expected U.S. data including gross domestic product
and jobless claims added to speculation the Fed could begin
slowing its stimulus soon. The nonfarm payrolls report for
November is due later on Friday.
"Normally, a series of strong U.S. data would trigger the
market's rise, but the ongoing Fed tapering talk is hindering
such a pattern," said Ko Seung-hee, an analyst at SK Securities.
"Investors are curious whether the U.S. jobs data due later in
the day can clarify the matter."
The Korea Composite Stock Price Index (KOSPI) added
0.1 percent to 1,986.65 points by 0302 GMT after touching an
intraday low of 1,980.44.
The KOSPI is on track to snap three straight weeks of gains
and suffer its worst weekly loss since late June.
Samsung Electronics Co Ltd and Hyundai Motor Co
, two of the largest KOSPI components, were flat.
Panel maker LG Display Co Ltd and LG Innotek
, key suppliers to Apple Inc, advanced 4.7 percent
and 4.4 percent, respectively, buoyed by hopes of China Mobile
Ltd reaching a deal with Apple to offer the iPhone.
Woori Financial Co Ltd rose 4.4 percent on news
that banking group KB Financial Group Inc was chosen
as the preferred bidder for a controlling stake in Woori. KB
Financial Group shares were unchanged.
Hyundai Engineering & Construction Co Ltd rose
1.5 percent after it said in a regulatory filing on Friday it
won a 1.49 trillion won ($1.4 billion) order in Venezuela to
build an oil refinery from the country's state oil company PDVSA
Foreign investors sold a net 21.6 billion won ($20.4
million) worth of KOSPI shares near mid-session, on course for a
fourth straight day of selling.
Declining shares outnumbered winners 390 to 346.
The KOSPI 200 benchmark of core stocks and the
junior KOSDAQ both gained 0.2 percent.