Hynix tumbles as stake sale worries mount
SEOUL Jan 26 (Reuters) - Shares in Hynix Semiconductor tumbled more than 6 percent on Tuesday as worries that the world's No.2 memory chip maker may face difficulties finding a buyer of a majority stake in the firm mounted, analysts said. "Markets had been hoping that LG Group could take over Hynix, but now investors are growing uneasy that such hopes may be met with disappointment," said Kim Seong-in, head of technology sector research at Kiwwom Securities.
"Shares were ripe for profit-locking after their recent big gains," said Park Hyun, an analyst at Prudential Investment & Securities.
Shares in Hynix (000660.KS) were down 6.53 percent to 24,350 won as of 0224 GMT.
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)
((jungyoun.park@thomsonreuters.com; +82 2 3704 5643; Reuters Messaging: jungyoun.park.reuters.com@reuters.net))
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