Samsung, Hynix Slump After Report on Apple’s Elpida Order
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Samsung Electronics Co. and SK Hynix Inc., the top two makers of computer memory chips, slumped in Seoul trading after a Digitimes report that Apple Inc. increased semiconductor purchases from their competitor.
Samsung fell 6.2 percent, the most since October 2008, to 1,230,000 won at the close in Seoul. The stock was the biggest contributor to the benchmark Kospi index’s 3.1 percent decline, while Hynix lost 8.9 percent to 23,050 won, the biggest drop since Aug. 19.