Seoul shares may rise;eyes on Hynix, Samsung Elec

SEOUL, Nov 26 (Reuters) - Seoul shares are set to open higher
on Thursday after gains overnight on Wall Street, but rises may
be limited amid caution about the economic outlook and following
weaker South Korean business sentiment data.

"Shares will probably open in positive territory today
following recent losses. Yes there are concerns about where
economies are headed, but we are still seeing some degree of
continued improvement," said Lee Jae-mahn, a market analyst at
Tong Yang Securities.

"While U.S. consumption may not pick up immediately, it is
still definitely headed that way. Given the index's current
level, we may expect at least a technical rebound," Lee added.

The Korea Composite Stock Price Index (KOSPI)
finished 5.46 points higher at 1,611.88 points on Wednesday.

The main KOSPI's 60-day moving average is about 1,600 points,
Thomson Reuters data showed.

Sentiment could be hit by data showing on Thursday that South
Korean manufacturers' assessment of the business outlook for
December fell for a second straight month, adding to growing
concerns economic recovery momentum may slow in coming months.
[ID:nSEO266883]

Shares in Hynix Semiconductor may react to news late on
Wednesday that major shareholders of the world's No.2 memory chip
maker would put a controlling stake up for sale in an auction
next month, valued at close to $3 billion. [ID:nSEO357287]
----------------------MARKET SNAPSHOT @ 2254 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1110.63 0.45% 4.980
USD/JPY JPY= 87.34 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.2676 -- -0.037
SPOT GOLD XAU= 1192.1 0.15% 1.800
US CRUDE CLc1 77.96 0.00% 1.940
DOW JONES .DJI 10464.40 0.29% 30.69
ASIA ADRS .BKAS 125.28 2.02% 2.48
-------------------------------------------------------------
MARKET SUMMARY
*Wall St gains on recovery bets, weak dollar [nN25364969]
*Oil rises over 2 pct on inventory data, dollar [nGEE5AO0YD]
*Dollar slumps to 15-month low against euro [nN25598483]
*Treasuries prices rise after 7-yr note auction [nN25364344]

STOCKS TO WATCH

SAMSUNG ELECTRONICS (005930.KS)

Samsung Electronics has set its 2010 capital expenditure at
8.5 trillion won ($7.4 billion), up from this year's planned 7
trillion won, the Maeil Business Newspaper reported in its early
Thursday edition.[ID:nSEO363902]

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

((jungyoun.park@reuters.com; +82 2 3704 5643; Reuters
Messaging; jungyoun.park.reuters.com@reuters.net))

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($1=1153.9 Won)