SEOUL, Aug 31 (Reuters) - Seoul shares may make modest gains
on Wednesday following continuing rises in U.S. stocks as
investors bet that uncertainties surrounding the global economy
are declining, analysts said.
South Korea's industrial production in July fell by a
seasonally adjusted 0.4 percent from June, data showed on
Wednesday, missing market expectations and adding to concerns
about sputtering economic growth.
'Instead of the data, South Korean stocks will reflect
views...that China will soften its tightening moves, which has a
lot to do with South Korean exports,' said Kim Young-june, a
market analyst at SK Securities.
The Korea Composite Stock Price Index (KOSPI)
climbed for a fourth straight session on Tuesday, ending up 0.78
percent.
----------------MARKET SNAPSHOT @ 22:18 GMT ------------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1,212.92 0.23% 2.840
USD/JPY 76.72 0.01% 0.010
10-YR US TSY YLD 2.176 -- -0.088
SPOT GOLD $1,836.19 -0.05% -1.010
US CRUDE $88.54 -0.40% -0.360
DOW JONES 11559.95 0.18% 20.70
ASIA ADRS 123.93 0.10% 0.12
-------------------------------------------------------------
MARKET SUMMARY
>Wall St gains as Fed minutes boost stimulus bets
>Treasuries gain; consumer data fuel stimulus hopes
>Euro slides; array of factors stoke risk aversion
>Libya sees oil output at pre-war levels in 15 mos
STOCKS TO WATCH
SAMSUNG ELECTRONICS
Samsung Electronics plans to slash ts monthly television
panel output by fourth-fifths by the end of this year, a local
newspaper reported.
(Reporting by Ju-min Park; Editing by Jonathan Hopfner)
Keywords: MARKETS KOREA STOCKS
(ju-min.park@thomsonreuters.com)(+82 2 3704 5650)(Reuters Messaging: ju-min.park.thomsonreuters.com@reuters.net)
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