Seoul shares seen inching up as Greece aid deal reached

Mon Nov 26, 2012 11:34pm GMT

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SEOUL, Nov 27 (Reuters) - Seoul shares are likely to edge up
on Tuesday on news of a breakthrough on Greek debt negotiations,
although concerns over the U.S. fiscal crisis could limit gains.
    "Although somewhat anticipated by the market, the successful
agreement over Greece's emergency aid is expected to be an
upside influence," said Um Tae-woong, an analyst at Bookook
Securities. 
    Euro zone finance ministers and the International Monetary
Fund clinched agreement on a new debt target for Greece on
Monday in a significant step towards releasing another tranche
of loans to the near-bankrupt economy. 
    The Korea Composite Stock Price Index (KOSPI) ticked
down 0.15 percent to close at 1,908.51 points on Monday, after
surging 14 percent last week. 
    
-----------------MARKET SNAPSHOT @ 22:41 GMT -----------------
                  INSTRUMENT    LAST     PCT CHG     NET CHG
S&P 500              1,406.29       -0.2%      -2.860
USD/JPY                 82.03      -0.04%      -0.030
10-YR US TSY YLD   1.666        ---        0.027
SPOT GOLD           $1,748.97       0.03%       0.480
US CRUDE               $87.74      -0.61%      -0.540
DOW JONES            12967.37      -0.33%      -42.31
ASIA ADRS             122.13      -0.23%       -0.28
------------------------------------------------------------
>Wall St edges down after recent rally;          
>Prices rise as fiscal worries,Spain drive safety 
>Euro pulls back as market eyes Greece,US fiscal 
>Oil falls on concerns about Greece, US budget   

---STOCKS TO WATCH---  
      
    **SAMSUNG ENGINEERING ** 
    A consortium including Samsung Engineering Co Ltd and
Shanghai Electric have won an 11.3 billion riyal ($3
billion) deal to build a water desalination plant on the Red Sea
coast of Saudi Arabia. 
    
    **STX ENGINE **
    STX Engine Co Ltd said in a regulatory filing late Monday it
has decided to guarantee the debt of affiliate STX Europe AS up
to some 164 billion won ($151 million), or 20.8 percent of STX
Engine's equity capital. 
    
($1 = 1085.4500 Korean won)

 (Reporting by Joyce Lee; Editing by Richard Pullin)
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