S.Korea-Market Factors to watch on Oct 11
SEOUL, Oct 11 (Reuters) - Following is a list of events inSouth Korea as well as news stories and press reports that mayinfluence financial markets.
TOP STORIES>Toyota recalls 7.4 mln vehicles over window switch
>European car market needs EU-led restructuring
>Central banks buy more stocks as bonds disappoint
>S.Korea KDIC raises $550 mln in upsized KEPCO sale
>Microsoft CEO sees company turning more like Apple
MARKETS
>S.Korea bonds up on BOK rate cut hopes;won falls
>Samsung Elec sends KOSPI lower
MARKET SNAPSHOTS
* The S&P 500 fell for a fourth day on Wednesday, weigheddown by disappointing news from Chevron and Alcoa as the latestearnings season got under way.
* Global shares fell for a third day on Wednesday ascorporate warnings of slower growth underscored concerns about asluggish world economy, while oil prices slipped despite worriesabout the security of Middle East crude supplies.
* Oil prices fell in volatile trade on Wednesday as ongoingconcerns about the economy and a weak kick-off to the earningsseason weighed on stock markets.
* South Korean shares retreated, led by a slump in SamsungElectronics
following brokerage downgrades of Intel
that sparked a sell-off of U.S. technology firmsovernight.IN THE KOREAN PRESS
Following is a summary of local press reports translated byReuters. Reuters has not verified the content of these reportsand does not vouch for their accuracy.
> Superior Essex Communications LP
announced
that it completed construction of a power cable plant in theU.S. state of North Carolina.
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(Reporting by Daum Kim; Editing by Richard Pullin)
((daum.kim@thomsonreuters.com))
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Keywords: KOREA MARKETS/FACTORS