S.Korea shares seen down on oil price, weak US data

SEOUL, March 13 (Reuters) - Seoul shares are expected to fall on Thursday after oil prices hit a record over $110 a barrel and doubts emerged about the U.S. Federal Reserve's cash relief, denting Wall Street shares overnight.

Fuel-cost sensitive stocks in transportation sectors such as Korean Air Co (003490.KS: Quote, Profile, Research) could retreat as U.S. crude settled up $1.17 at 109.92 after racing to an all-time high of $110.20 earlier.[ID:nSP281350]

Financial stocks such as Kookmin Bank (060000.KS: Quote, Profile, Research) and Shinhan Financial Group (055550.KS: Quote, Profile, Research) are also expected to shed their gains from the previous session, as credit crunch concerns persist in the market.

Meanwhile, exporter shares such as Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research) and LG Electronics Inc (066570.KS: Quote, Profile, Research) may also decline on the news that U.S. retail sales fell at the fastest pace in five years, potentially tipping an already fragile economy of South Korea's second-largest export market towards recession. [ID:nN12607618] --------------------- MARKET SNAPSHOT @ 2234 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1308.77 -0.9 -11.880 USD/JPY <JPY=> 101.33 0.16 0.160 10-YR US TSY YLD <US10YT=RR> 3.4399 -- 0.000 SPOT GOLD <XAU=> 982.2 -0.03 -0.300 US CRUDE CLc1 109.81 -0.10 -0.120 DOW JONES .DJI 12110.24 -0.38 -46.57 -------------------------------------------------------------

MARKETS SUMMARY *Wall St slips on rethink of Fed plan, oil over $110 [ID:nN12227576] *Oil rallies to record $110 [ID:nSP281350] *Dollar sinks to record low vs euro, currency basket [ID:nN12484217] *Treasuries up on doubts over Fed's liquidity move [ID:nN12226803]

STOCKS TO WATCH

LG DISPLAY

LG Display Co. Ltd (034220.KS: Quote, Profile, Research) the world's second-biggest maker of large LCD screens, expects its share of China's flat screen TV panel market to rise to 40 percent next year, compared with 35 percent this year, the company executive said. [ID:nSHA281101]

Meanwhile, LG Display's Dutch partner Philips (PHG.AS: Quote, Profile, Research) continued to offload its stake in LG Display on Wednesday, selling about $1 billion worth of company's shares. [ID:nHKG277165] (Reporting by Park Jung-youn; Editing by Tomasz Janowski)