Reuters: Hot Stocks: SK Hynix shares tumble after fire shuts China plant

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SK Hynix shares tumble after fire shuts China plant Sep 5th 2013, 00:05 SEOUL, Sept 5 | Wed Sep 4, 2013 8:05pm EDT 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)

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