SEOUL, June 24 (Reuters) - Seoul shares may rise on Wednesday

after Wall Street finished largely flat overnight, while

technology issues such as Hynix may be eyed after

news of a technology partnership between Intel Corp and

Nokia.

'Shares will probably open in positive territory given

yesterday's big losses and firm finishing in U.S. stocks. Also

the U.S. Treasury auction went well, and this also comes as a

relief,' said Lee Jin-woo, a market analyst at Mirae Asset

Securities.

Investors, their appetites whetted by Tuesday's successful

$40 billion auction of 2-year notes, will be asked to digest $37

billion 5-year Treasuries on Wednesday, just before the FOMC

statement is released.

'There will be caution before the FOMC's interest rate

decision and comments, but shares that outperformed yesterday on

earnings hopes, such as Samsung Electronics, will

continue to outrun its market peers today,' Lee added.

Meanwhile memory chip issues and handset makers could be

followed after Intel announced a technology partnership with

Nokia that could potentially give the chip maker the breakthrough

it has been looking for into the mobile market.

Exporters may also be eyed after the South Korean won

hit its weakest against the dollar in about eight weeks on

Tuesday.

The Korea Composite Stock Price Index (KOSPI)

finished down 2.80 percent at 1,360.54 points on Tuesday.

----------------------MARKET SNAPSHOT @ 2256 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 895.1 0.23% 2.060

USD/JPY 95.09 -0.14% -0.130

10-YR US TSY YLD 3.6247 -- 0.000

SPOT GOLD 925.65 0.05% 0.500

US CRUDE 68.54 -1.01% -0.700

DOW JONES 8322.91 -0.19% -16.10

ASIA ADRS 106.20 0.53% 0.56

-------------------------------------------------------------

MARKET SUMMARY

*Oil jumps 2 pct on Nigeria disruptions, weaker dollar

*Dollar pressured ahead of Fed meeting outcome

*Treasuries rise as 2-year auction goes down easy

*S&P gains on bargain hunting, but Boeing hits Dow

STOCKS TO WATCH

KUMHO INVESTMENT BANK

American International Group Inc agreed to sell two

downtown Manhattan buildings, including its headquarters, for a

total of $150 million, a source familiar with the matter said.

Earlier this month the broker, CB Richard Ellis Group Inc , said a consortium including Kumho Investment Bank had

agreed to buy the two buildings.

HYUNDAI HEAVY INDUSTRIES

A South Korean consortium including Hyundai Heavy Industries

and Korea National Oil Corp (KNOC) is offering to sell stakes in

its oil fields in Yemen, estimated to hold 36 million barrels of

crude reserves, a report said on Tuesday.

(Reporting by Jungyoun Park; Editing by Dean Yates)

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) ($1=1264.2 Won) Keywords: MARKETS KOREA STOCKS/

(jungyoun.park@reuters.com; +82 2 3704 5643; Reuters Messaging; jungyoun.park.reuters.com@reuters.net)

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