Reuters: Hot Stocks: Korea Hot Stocks-nTels shares surge on report of SoftBank investment

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Korea Hot Stocks-nTels shares surge on report of SoftBank investment Dec 5th 2012, 01:32 SEOUL | Tue Dec 4, 2012 8:32pm EST SEOUL Dec 5 (Reuters) - South Korea's main KOSPI share index was down 0.2 percent at 1,931.87 points as of 0123 GMT. The junior Kosdaq index fell 1.1 percent at 497.35 points. The shares of nTels surged by the daily limit of 15 percent after media reports that Japanese mobile operator SoftBank Corp has invested 1.6 billion Korean won ($1.48 million) in the South Korean firm. A unit of SoftBank Korea, SoftBank Ventures Korea, bought a 4.56 percent stake in the South Korean software provider for fixed-line and mobile carriers in a block deal, media reports said. Officials at nTels were not available for comments immediately. ($1 = 1083.4500 Korean won) (Reporting By Hyunjoo Jin; Editing by G.Ram Mohan)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions