Seoul shares edge up on upbeat U.S. jobs, reverse weekly loss


* KOSPI reverses a week-long slide

* Samsung Elec down after initial rise on U.S. court ruling

* Woongjin Holding hits limit down after trade resumes

SEOUL, Oct 12 (Reuters) - Seoul shares ticked up on Fridaymorning on signs of improving conditions in the U.S. job marketand signs of some progress toward a resolution of the eurozone's debt troubles.

The Korea Composite Stock Price Index (KOSPI) edgedup 0.1 percent to 1,935 points as of 0201 GMT, reversing a weekof straight losses.

This was in line with regional peers, with the index of AsiaPacific shares outside Japan up 0.4 percent.

"The index will continue to vacillate, gaining onunexpectedly good news from the U.S. and Europe, but losing onconcerns about China and earnings," said Kim Young-joon, ananalyst at SK Securities.

Kim said that the U.S. jobless benefit data and the sale ofItalian bonds on Thursday sent encouraging signals, temporarilybuoying investor sentiment. However, he stressed this may befleeting as earnings of local companies will likely be affectedby slowing Chinese demand.

Shares of food and beverage companies led gains, followed byconsumer staples and leisure.

Shares in Samsung Electronics were trading 0.8percent lower, after initially rising following a U.S. courtdecision to overturn a sales ban on its Galaxy Nexus smartphonein its ongoing patent battle with Apple Inc.

Woongjin Holdings fell by the permissible dailylimit of 15 pct on its first day after it resumed trading. Acourt decided on Thursday to protect the firm and itscash-strapped construction unit from bankruptcy.

Foreign investors sold 94 billion won ($84.36 million) worthof shares near the mid-session, but this was offset by localretail investors.

Winning shares outnumbered losers 421 to 344.

The KOSPI 200 benchmark of core stocks was flat,while the junior KOSDAQ edged 0.6 percent higher.

($1 = 1114.3000 Korean won)(Reporting By Somang Yang)

((somang.yang@thomsonreuters.com)(+82 2 3704 5643)(ReutersMessaging: somang.yang.thomsonreuters.com@reuters.net))