Seoul shares seen up on U.S. jobs data, renewed ECB action hopes

SEOUL, Aug 6 (Reuters) - Seoul shares are expected to open
higher on Monday, lifted by a stronger-than-expected U.S. jobs
report and renewed optimism about further easing by the European
Central Bank.

Investors had initially been left disappointed last week
when ECB chief Mario Draghi hinted the central bank may not
start buying government bonds to reduce borrowing costs for
Spain and Italy before September.

"Investors have now taken a calmer view of the situation and
figured that whether it be a sovereign bailout or direct
intervention in the bond market, help for Spain is on the way,"
said Kwak Jung-bo, an analyst at Samsung Securities.

"Until actual policy measures kick into effect however, the
index is likely to face resistance at 1,900 points," he said.

U.S. employers hired the most workers in five months in
July, but an increase in the jobless rate to 8.3 percent kept
prospects of further monetary stimulus from the Federal Reserve
on the table.

The Korea Composite Stock Price Index (KOSPI) fell
1.11 percent to 1,848.68 points on Friday.

---------------MARKET SNAPSHOT @ 22:12 GMT -------------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1,390.99 1.9% 25.990
USD/JPY 78.57 0.15% 0.120
10-YR US TSY YLD 1.568 -- 0.000
SPOT GOLD $1,603.11 0.01% 0.110
US CRUDE $91.04 -0.39% -0.360
DOW JONES 13096.17 1.69% 217.29
ASIA ADRS 118.76 2.30% 2.67
-------------------------------------------------------------
>Wall St up for fourth week as payrolls jump
>Bonds slump on jobs data, new hopes on ECB move
>Dollar drops, euro rallies on US jobs data
>Oil jumps on US jobs rise, Brent hits 10-wk high

(Reporting by Joonhee Yu; Editing by Chris Gallagher)