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KOSPI set to gain as Samsung wins U.S. court appeal

SEOUL, Oct 11 (Reuters) - Seoul shares are likely to rise on Friday after a U.S. court overturned a sales ban on Samsung Electronic' s

smartphone.

"The court decision is seen as a win for Samsung, and this will reflect on its shares, and boost the KOSPI," said Bae Sun-yung, an analyst at Hyundai Securities.

A U.S. appeals court overturned a sales ban against Samsung Electronics Co Ltd's Galaxy Nexus smartphone, dealing a setback to Apple Inc

in its patent battle.

The Korea Composite Stock Price Index (KOSPI)

fell

0.78 percent to close at 1,933.09 points on Thursday, continuing a week long fall.

------------------MARKET SNAPSHOT @ 22:28 GMT-------------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 1,432.84 0.02% 0.280 USD/JPY 78.38 0.08% 0.060 10-YR US TSY YLD 1.668 -- 0.000 SPOT GOLD $1,766.95 -0.07% -1.240 US CRUDE $92.40 0.36% 0.330 DOW JONES 13326.39 -0.14% -18.58 ASIA ADRS

118.58 1.00% 1.17 ------------------------------------------------------------- >Wall St flat as Apple cuts jobs data gains

>Bond prices gain as Europe worries continue

>Euro rallies vs dollar, snaps three-day decline

>Oil rises as Turkey-Syria tensions fuel supply

---STOCKS TO WATCH--- **SAMSUNG ELECTRONICS **

A U.S. appeals court overturned a ban on the sales of the Galaxy Nexus smartphone, dealing a setback to Apple Inc.

. **SK INNOVATION **

The leading South Korean energy supplier said its subsidiary, SK Energy is considering options to raise capital, including a new share sale.

**HYUNDAI MERCHANT MARINE COMPANY

**

Hyundai Merchant Marine Company

says it is considering a new share sale to boost its capital base. Shares in the shipping firm's share closed 4 percent lower on Thursday.

**WOONGJIN COWAY ** The sale of Woongjin Coway

to private equity fund MBK partners may be jeopardized. Meanwhile, trading in shares of Woongjin Holdings

, the cash-strapped parent company resumes today, following a court decision.

(Reporting By Somang Yang; Editing by Eric Meijer)

Keywords: MARKETS KOREA STOCKS/