KOSPI at 3-month closing low but telecoms rally

Newswire

By Kim Yeon-hee SEOUL, Nov 22 (Reuters) - Seoul shares hit a fresh 3-month closing low on Thursday, led by Korea Zinc and LG Chem on worries over metal and naphtha prices, although they pared most of their early losses as telecom stocks such as SK Telecom rebounded. Hanarotelecom , the country's No. 2 fixed-line and broadband operator, also jumped nearly 7 percent as parliament looked set to allow Web-based TV service, which analysts say should create new revenue sources for telecom ...

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