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: Quote, Profile, Research) and Kia Motors
(000270.KS: Quote, Profile, Research) 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: Quote, Profile, Research)

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)