Wednesday, March 19, 2008
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Equity News
Mar 18 2008 4:50AM
Seoul shares seen gaining on technical rebound
    SEOUL, March 18 (Reuters) - Seoul shares may rebound on 
Tuesday following a 1.6 percent drop in the previous session, 
helped by gains overnight in the U.S. Dow Jones industrial 
average <.DJI>, but gains will likely be limited. 
    "We are likely to see some technical rebound, although gains 
will be limited due to ongoing worries about credit markets and 
U.S. banks' financial health," said Hans Hong, an analyst at 
Daishin Securities. 
    Automakers such as Hyundai Motor <005380.KS> and Kia Motors 
<000270.KS> may gain on hopes the weakening won <KRW=> will make 
South Korean cars more price-competitive in overseas markets. 
 ----------------------MARKET SNAPSHOT @ 2233 GMT ------------ 
                     INSTRUMENT   LAST       PCT CHG   NET CHG 
 S&P 500             <.SPX>       1276.6       -0.9%   -11.540 
 USD/JPY             <JPY=>       97.43        0.21%     0.200 
 10-YR US TSY YLD    <US10YT=RR>  3.2988          --     0.000 
 SPOT GOLD           <XAU=>       1004.2       0.19%     1.900 
 US CRUDE            <CLc1>       106.25       0.54%     0.570 
 DOW JONES           <.DJI>       11972.25     0.18%     21.16 
 ------------------------------------------------------------- 
    MARKETS SUMMARY 
 * Dow ends up; broader market falls before Fed [ID:nN17619769] 
 * Oil slides over 4 pct as funds sell to raise cash 
[ID:nNT233347] 
 * Dollar sells off after Fed's emergency measures 
[ID:nN17592955] 
 * Treasuries climb in safe-haven bid on bank fears 
[ID:nN17591762] 
    STOCKS TO WATCH 
    SAMSUNG SECURITIES <016360.KS> 
    South Korea's top brokerage told the stock exchange on Monday 
its February net profit jumped 48 percent from a year earlier. 
 (Reporting by Park Jung-youn, editing by Yoo Choonsik) 
 (([email protected]; +82 2 3704 5643; Reuters Messaging: 
[email protected])) 
Keywords: MARKETS KOREA STOCKS/ 
  Source:   

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