Deals
Hynix Declines Amid Speculation Chipmaker May Sell New Shares
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Hynix Semiconductor Inc. fell to the lowest in five months in Seoul trading after Korea Exchange Inc., the nation’s bourse operator, ordered the chipmaker to comment on speculation it would sell new shares.
Hynix isn’t considering a new-share sale, the world’s second-largest computer-memory maker said in a filing after the bourse’s order today. The stock dropped as much as 8.2 percent, the lowest intraday level since Jan. 12, before trading 4.2 percent lower at 27,500 won as of 11:17 a.m. in Seoul. The benchmark Kospi Index declined 0.4 percent.