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

SEOUL Tue Dec 4, 2012 8:32pm EST

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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.

Stocks on the move on Wednesday include:


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)