Seoul shares may attempt rebound, led by exporters

SEOUL, Nov 4 (Reuters) - Seoul shares are expected to claw back some of their recent losses on Wednesday, with a rise in the U.S. dollar providing a boost to exporters such as Samsung Electronics (005930.KS) and Hyundai Motor (005380.KS).

The dollar climbed to a one-month high against the euro as concerns about the global banking sector reignited safe-haven demand for the U.S. currency.

Any attempt at a rebound may be short-lived, however, following mixed U.S. markets overnight. Caution also prevails before the U.S. Federal Reserve wraps up its two-day meeting.

The Federal Reserve began a meeting on Tuesday that is expected to end with a reaffirmation that policies to support the economy will stay in place for some time. [ID:nN03503603]

"FOMC's comments on the economy will affect market sentiment and investors will stay mostly on the sidelines in the meantime," said Kim Hyoung-ryoul, an analyst at NH Investment & Securities.

The Korea Composite Stock Price Index (KOSPI) shed 0.59 percent to finish at 1,549.92, pressured by institutional selling of a net 364 billion won ($309.1 million).

KOSPI has lost 10 percent from its 15-month high touched in late September. ----------------------MARKET SNAPSHOT @ 2250 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1045.41 0.24% 2.530 USD/JPY JPY= 90.3 -0% 0.000 10-YR US TSY YLD US10YT=RR 3.4689 -- 0.045 SPOT GOLD XAU= 1083.3 -0.11% -1.200 US CRUDE CLc1 79.6 0.00% 1.470 DOW JONES .DJI 9771.91 -0.18% -17.53 ASIA ADRS .BKAS 120.04 -0.06% -0.07 -------------------------------------------------------------

MARKET SUMMARY *S&P 500, Nasdaq end higher on deal news

[nN03373317] *Oil rises 2 pct on U.S. factory data, gold surge [nL3445644] *US dollar rises to 1-month highs on banking worries [nN03579676] *Treasuries dip as traders prepare for supply, Fed [nN03574849]

STOCKS TO WATCH

SHINHAN FINANCIAL GROUP (055550.KS)/KOREA EXCHANGE BANK South Korea's top financial services firm Shinhan Financial Group (SHG.N) and sixth-ranked Korea Exchange Bank (004940.KS) posted forecast-beating quarterly profits on Tuesday after the market close as interest margins rose and bad loan charges shrank. [ID:SEO160935]

SAMSUNG HEAVY INDUSTRIES (010140.KS)

South Korean shipbuilder posted 22.3 percent year-on-year growth in its third quarter earnings to 221.9 billion won ($188.4 million) from 181.5 billion won, according to the Korea Exchange filings on Tuesday.

DAEWOO ENGINEERING & CONSTRUCTION 04704.KS

Three foreign companies, including an Abu Dhabi investment vehicle, are vying for a majority stake in the South Korean builder, a Daewoo source said, in a deal potentially worth $2.6 billion. [ID:nSEO130689]