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Seoul shares seen up on easing Gaza tension, firm Wall Street
November 21, 2012 / 11:40 PM / 5 years ago

Seoul shares seen up on easing Gaza tension, firm Wall Street

SEOUL, Nov 22 (Reuters) - Seoul shares are likely to regain
some ground on Thursday, after a truce was declared between
Israel and Palestinians in the Gaza strip, helping push up U.S.
stocks overnight. 
    "We expect the KOSPI to rise modestly as the Middle East
risk has abated with a ceasefire between Israel and Hamas," IBK
Securities wrote in a morning note to investors.
    The Korea Composite Stock Price Index (KOSPI) fell
0.3 percent to 1,884.04 points on Wednesday, snapping a two-day
    Wall Street gains were modest with trading subdued ahead of
the Thanksgiving holiday. 
------------------MARKET SNAPSHOT @ 22:28 GMT-------------------
S&P 500                1,391.03      0.23%       3.220
USD/JPY                   82.50        -0%       0.000
10-YR US TSY YLD     1.680       --         0.012
SPOT GOLD             $1,728.39     -0.01%      -0.140
US CRUDE                 $87.38      0.73%       0.630
DOW JONES              12836.89      0.38%       48.38
ASIA ADRS               120.25      0.41%        0.49
>S&P 500 gains for fourth session on light volume 
>Prices slip with profit taking in thin volume    
>Euro hits 6-1/2-month peak vs yen                
>Oil up as pre-holiday covering offsets Gaza truce 
    Shares in LG may continue to come under pressure after
dropping 3.7 percent on Wednesday on market chatter of a
write-down worth at least 100 billion won ($92.30 million), and
bigger than expected fines by the EU on cartel charges for
fixing prices of televisions. 
    Shares in affiliates LG Display fell 2.6 percent
and LG Innotek also shed 3.2 percent.
    Samsung Electronics said in a regulatory filing that it is
considering expanding production of system semiconductors at its
factory in Austin, Texas.
($1 = 1083.4000 Korean won)

 (Reporting by Somang Yang; Editing by Edwina Gibbs)

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