Dec 22 （Reuters） - Seoul shares are likely to open flat on Wednesday after hitting a fresh 38-month high in the previous session, with the won's weakness likely to keep foreign investors cautious, analysts said.
"A combination of factors including the weaker won currency, ongoing geopolitical risks, and bank levy uncertainties, will keep the index from rising meaningfully above the current level," said Park So-yeon, a market analyst at Korea Investment & Securities.
The White House on Tuesday expressed skepticism about restarting six-party talks about North Korea's nuclear programme, the key to tensions on the peninsula. [ID:nNAHO12345]
"Techs and banks which have been outperforming in recent sessions will probably lag. Eyes are on steelmakers and shipyards which were left out during the rally," Park added.
The Korea Composite Stock Price Index （KOSPI） ended up 0.83 percent at 2,037.09 points on Tuesday, the highest close since early November 2007.
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