Seoul shares seen rangebound;eyes on Kumho issues

SEOUL, Feb 9 (Reuters) - Seoul shares may trade in a tight range on Tuesday after losses on Wall Street amid deepening worries about Eurozone debt, with Kumho Industrial followed as shares resume trading after a suspension.

'Technically a rebound is expected as the main index is now treading below its 200-day moving average, but U.S. stocks' pretty big falls point to weak trading here as well,' said Kim Young-june, a market analyst at SK Securities.

Eyes will be on financials and Kumho Asiana Group related issues including Kumho Industrial after creditor banks of South Korea's 9th-largest conglomerate said they would keep the cash-starved group under their protection, quelling speculation that a flagship unit could be put into court receivership.

The Korea Exchange said late on Monday it was lifting a trade suspension on shares of Kumho Industrial from Tuesday as creditors of Kumho's parent group clarified the group's restructuring.

The Korea Composite Stock Price Index (KOSPI) finished down 0.91 percent to 1,552.79 points on Monday, the lowest close since November 27, 2009.

----------------------MARKET SNAPSHOT @ 2252 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 1056.74 -0.89% -9.450 USD/JPY 89.24 -0.06% -0.050
10-YR US TSY YLD 3.5616 --
0.010SPOT GOLD 1061.9 -0.08% -0.900 US CRUDE 71.68 -0.29% 0.000 DOW JONES 9908.39 -1.04% -103.84 ASIA ADRS 119.15 -1.15% -1.39

MARKET SUMMARY *Euro zone debt worries sink Dow below 10,000 *Dollar slips, but strong trend remains intact *Treasuries fall slightly ahead of auctions *Oil up 1 pct on geopolitics, dollar and cold



STOCKS TO WATCH



DAEWOO SHIPBUILDING

Daewoo Shipbuilding said late on Monday its fiscal net profit for 2009 rose 43.8 percent to 577 billion won ($492.6 million).



HYUNDAI HEAVY INDUSTRIES

Hyundai Heavy has won a $1.16 billion deal to build a production vessel for the Goliat field in the Barents Sea.



(Reporting by Jungyoun Park; Editing by Jonathan Hopfner) ((If you have a query or comment on this story, send an email 1to [e-mail]) ($1=1171.3 Won) Keywords: MARKETS KOREA STOCKS/ ([e-mail]; [phone]; Reuters Messaging; [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.