SK Hynix shares tumble after fire shuts China plant
SEOUL, Sept 5
SEOUL, Sept 5 (Reuters) - Shares in South Korean chipmaker SK Hynix Inc tumbled more than 4 percent on Thursday after it suspended operations at its China plant, where up to 15 percent of global computer memory chips are produced, due to a fire.
SK Hynix said late on Wednesday it expected to resume operations shortly because the fire did not put critical chip-making equipment out of commission.
Shares in bigger rival Samsung Electronics Co gained 2 percent, partly helped by expectations that supply of global supply of dynamic random access memory (DRAM) chips may become tighter following the plant shut-down. (Reporting by Miyoung Kim; Editing by Paul Tait)
- Target says data from 40 million cards stolen in holiday period
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Special Report: Why Ukraine spurned the EU and embraced Russia
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge
- U.S. prosecutor defends treatment of Indian diplomat |