Seoul shares seen higher;eyes on Hynix, exporters

SEOUL, Nov 3 (Reuters) - Seoul shares may rise on Tuesday
after gains overnight on Wall Street helped by U.S. economic
data, while Hynix could be followed after its shareholders
extended the deadline for Hyosung's bid for the chipmaker.

"Positive U.S. data and share gains bode well for Seoul
markets today...although we do not expect a massive rebound, a
modest recovery will take place," said Kim Yong-kyun, a market
analyst at Daishin Securities.

"Eyes will be on exporters as we are seeing the won KRW=
picking up again against the U.S. dollar. But sectors that
compete directly with their Japanese counterparts may not be
pressured as heavily as the yen is also picking up," Kim added.

Shares in Hynix (000660.KS) and Hyosung (004800.KS) may come
into the spotlight after leading shareholders in the world's No.2
memory chip maker said they would extend a deadline for Hyosung's
proposal to buy a controlling stake in Hynix by two weeks, after
the only contender asked for more time. [ID:nSEO133526]

Energy issues including SK Energy (096770.KS) may be boosted
by gains in crude prices CLc1.

The Korea Composite Stock Price Index (KOSPI) shed
1.37 percent to finish at 1,559.09 on Monday, its lowest close
since August 19.
----------------------MARKET SNAPSHOT @ 2255 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1042.88 0.65% 6.690
USD/JPY JPY= 90.35 0.08% 0.070
10-YR US TSY YLD US10YT=RR 3.4239 -- 0.035
SPOT GOLD XAU= 1058.35 -0.08% -0.800
US CRUDE CLc1 78.13 0.00% 1.130
DOW JONES .DJI 9789.44 0.79% 76.71
ASIA ADRS .BKAS 120.11 1.03% 1.22
-------------------------------------------------------------

MARKET SUMMARY
*Wall Street ends higher on factory, housing data [nN02464128]
*Oil rises on US, China manufacturing data [nSYD489490]
*Strong economic data dents demand for US govt debt [nN02386730]
*US dollar, yen slip in choppy trading [nN02498823]

STOCKS TO WATCH

SAMSUNG ELECTRONICS (005930.KS)

South Korean consumer electronics maker Samsung Electronics
said on Monday it would provide home-visiting and repair services
for 400,000-500,000 refrigerators sold in global markets, mostly
in Europe, to ensure consumer safety. [ID:nSEO135796]

HONAM PETROCHEMICAL (011170.KS)

Nomura maintained its "reduce" rating on the petrochemicals
maker and kept its target price unchanged at 81,000 won, below
Monday's closing price of 81,300 won.

Nomura also said it expected a slowdown in the company's
fourth quarter earnings amid new capacity start-ups from rivals.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)