Hynix Leads Chipmakers Higher on Price Outlook
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SK Hynix Inc., the world’s second-largest maker of computer memory chips, led Asian chipmakers higher on speculation prices of so-called NAND flash memory chips may recover.
SK Hynix rallied 7.7 percent to 22,500 won at the close on the Korea Exchange, its steepest gain since Oct. 21. Samsung Electronics Co. added 4.5 percent in Seoul trading, while Japan’s Toshiba Corp. rose 7.3 percent in Tokyo.