InfoAnda - Korea Hot Stocks-SK Broadband rallies on merger talk

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Korea Hot Stocks-SK Broadband rallies on merger talk Reuters - Wednesday, May 19 Send IM Story Print SEOUL, May 19 - As of 0030 GMT, the main KOSPI <.KS11> was down 1.79 percent at 1,613.84 points. The index opened at 1,621.32 points. Stocks on the move on Wednesday include: **SK BROADBAND RALLIES ON MERGER TALK** Shares in SK Broadband <033630.KQ> rose as much as 4.3 percent on Wednesday amid market talk of a merger with its affilliate and the country's largest mobile carrier, SK Telecom <017670.KS>. "The merger seems imperative as the company needs to raise its competitiveness," said Kim Shi-woo, analyst at Korea Investments & Securities. Both SK Broadband and SK Telecom denied the rumour. Shares in SK Broadband were up 2.47 percent as of 0047 GMT. Recommend Send IM Story Print Related Articles China's CNPC buys stake in Shell's Syria unit AFP - 19 minutes ago India's April imports up 43 pct y/y - trade secy Reuters - 29 minutes ago Euro falls on Merkel comments Reuters - 32 minutes ago European shares drop on German ban; banks weigh Reuters - 32 minutes ago Blackstone setting up presence in Australia Reuters - 34 minutes ago News Search Top Stories Australia's Fortescue cites tax, suspends projects Germany clamps down on speculative trading Dollar surges to new four-year high against euro Euro dives to new four-year low against dollar EU loan arrives to save Greece from debt default More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Ocean fish could disappear in 40 years: UN Prudential eyes record takeover of Asian insurer BBC says sorry for queen death joke Europe labours over rescue deal as fears linger Greece gets first 14.5 bln euros of EU rescue loans More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Freddie Mac asks for fresh 10.6 billion dollar bailout More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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