Seoul shares seen down on slowdown, credit worries

SEOUL, March 27 (Reuters) - Seoul shares are likely to
retreat on Thursday as worries about a U.S. recession
resurfaced after data showed sales of new U.S. single-family
homes fell to their slowest pace in 13 years.

Manufacturers such as Samsung Electronics (005930.KS: Quote, Profile, Research) and
LG Electronics (066570.KS: Quote, Profile, Research) may fall on concerns about a
slowdown in South Korea's second-largest export market.

Financials such as Kookmin Bank (060000.KS: Quote, Profile, Research) are also likely
to decline on deteriorating outlook for credit markets, after
top central bankers warned on Wednesday there was no end in
sight to the global crunch. [ID:N26345348]
--------------------- MARKET SNAPSHOT @ 2235 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1341.13 -0.88% -11.860
USD/JPY <JPY=> 98.84 -0.15% -0.150
10-YR US TSY YLD <US10YT=RR> 3.464 -- 0.000
SPOT GOLD <XAU=> 954.1 0.06% 0.600
US CRUDE CLc1 106.12 0.21% 0.240
DOW JONES .DJI 12422.86 -0.88% -109.74
-------------------------------------------------------------

MARKETS SUMMARY
*Bank, economic woes hit Wall St; Oracle dives late
[ID:nN26351207]
*Oil hits $106 as US fuel supplies fall [ID:nSP115855]
*Dollar falls on durables data, Trichet rate comments
[ID:nN26346730]
*US Treasury bonds mostly rise in continued flight
[ID:nN26583957]

STOCKS TO WATCH

SK Telecom (017670.KS: Quote, Profile, Research)

South Korea's top mobile phone operator said on Wednesday
it plans to invest 389.85 billion won ($395.2 million) in
network facilities.
($1=986.2 Won)
(Reporting by Park Jung-youn; Editing by Michael Urquhart)