Reuters: Hot Stocks: Seoul shares open higher; CJ shares tumble

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

Seoul shares open higher; CJ shares tumble May 21st 2013, 00:17 SEOUL | Mon May 20, 2013 8:17pm EDT SEOUL May 21 (Reuters) - Seoul shares opened higher on Tuesday after global markets mostly rose overnight, approaching the psychologically significant 2,000-point mark for the first time since it fell back from that level in early April. Shares in CJ Corp, a holding company of food-to-entertainment firm CJ Group, fell 4.4 percent after the Korea Economic Daily and other media reported on Tuesday that prosecutors were investigating whether the CJ Group had set up a slush fund of 7 billion won ($6.27 million). A CJ Group spokeswoman confirmed that prosecutors raided CJ headquarters on Tuesday but declined further comment. The Korea Composite Stock Price Index was up 0.5 percent at 1,992.27 points as of 0006 GMT. (Reporting by Jungyoun Park and Joyce Lee; Editing by Edmund Klamann)

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