Seoul shares to mirror latest economic indicators

SEOUL, Sept. 27 (Yonhap) -- South Korea's stock market is expected to respond to industrial indicators due out in the new week that will show if the global financial crisis has affected the overall economy, analysts said Saturday.

The United States will release figures on employment, housing prices, and indexes
covering both the manufacturing and non-manufacturing sectors in the new week.
South Korea is expected to announce industrial output and health of the country's
export sector that remains the main engine of growth.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 1.4 percent or
20.55 points during the week to close at 1,476.33, after various governments
around the world agreed to pitch in to stem the fallout from the Lehman Brothers
debacle.
Experts, however, cautioned that because of lingering uncertainties, the market
could more likely loose ground than extend gains.
"For the medium-to-long term gains may be expected, but for the time being it may
be wise to carefully select shares," said Kim Jung-hyun, an analyst at
Goodmorning Shinhan Securities Co.
He added that particular attention should be paid to financial shares that could
be rocked by other bad news.