Reuters: Hot Stocks: Korea Hot Stocks- Tongyang Inc soars on restructuring hopes

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- Tongyang Inc soars on restructuring hopes Dec 13th 2012, 00:35 SEOUL | Wed Dec 12, 2012 7:35pm EST SEOUL Dec 13 (Reuters) - South Korea's main KOSPI share index was up 0.4 percent at 1,983.92 points as of 0024 GMT. The index opened up 0.04 percent. Tongyang Inc rose by the daily permissible limit of 15 percent for the second consecutive day. The company, which has five business divisions including construction and textiles, said on Wednesday that it is considering the possible sale of profitable units such as construction materials and home appliance manufacturing to improve its balance sheet. Its tech services affiliate Tongyang Networks Corp also rose by over 14 percent in early trading.

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