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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 Weekend Edition Singapore Asia Pacific World Korea Hot Stocks-LG Uplus shares surge on bargain-hunting Reuters - 2 hours 59 minutes ago Send IM Story Print SEOUL, March 8 - As of 0431 GMT, the main KOSPI <.KS11> was up 1.23 percent at 2,004.61 points. The index opened up 0.19 percent at 1,984.08 points. Stocks on the move on Tuesday include: ** LG UPLUS SURGES ON BARGAIN-HUNTING, BETTER OUTLOOK ** Shares in South Korea's smallest mobile carrier LG Uplus <032640.KS> soared as investors snapped up beaten-down shares and on expectations that it was regaining smartphone competitiveness. " reflects a technical rebound as well as a perspective that the stock is now very cheap," David Lee, an analyst at CLSA, said. "The stock has bottomed out and all the bad news has been reflected," he said. LG Uplus shares tumbled last year as the No.3 mobile operator was struggling to compete with bigger rivals SK Telecom <017670.KS> and KT <030200.KS> in the fast-growing smartphone segment, hit by a lack of smartphones models and network competitiveness. "Its marketing costs went up so high because it had to spend more money on feature phone subscribers to retain its market share... But its earnings bottomed out in the fourth quarter of last year," Lee said, noting that LG Uplus is beefing up its smartphone models and networks. LG Uplus shares rose 7.64 percent against the broader market that was up 1.23 percent as of 0431 GMT. Recommend Send IM Story Print Related Articles BRIEF-Moody's assigns (P)Baa2 rating to Amcor's EMTN program Reuters - 17 minutes ago US-BUSINESS Summary Reuters - 19 minutes ago Boeing inks $10 billion deals with two Chinese airlines Reuters - 19 minutes ago Doosan Heavy eyes $10.3 bln in 2011 orders Reuters - 24 minutes ago Hanoi gold shops, fearing crackdown, halt dollar trade Reuters - 30 minutes ago News Search Top Stories Pakistan on brink of World Cup quarter-finals NASA scientists row over alien microbes Subway steams past McDonald's in store race Prince faces calls to quit trade role Oil shoots higher on Libya turmoil More Top Stories » ADVERTISEMENT Most Popular Most Viewed China richest man says work key to easing poverty Subway steams past McDonald's in store race Libya: live report Asia to be biggest aircraft market by 2029: Airbus Oil shoots higher on Libya turmoil More Most Viewed » 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 Weekend Edition 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 Entertainment Photos Yahoo! News Network Copyright © 2011 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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