ALSO READSK Hynix CEO says won't drop equity plans for Toshiba chip business deal Japan govt-led bid for Toshiba chip unit to include SK Hynix - sources Hynix joins last-minute bid for Toshiba chips - sources Hynix joins last-minute METI-led bid for Toshiba chips - Asahi Toshiba's Westinghouse may file bankruptcy Tuesday, seeks Kepco aid - Nikkei
SEOUL (Reuters) - Shares of SK Hynix extended gains on Wednesday to reach their highest level in more than 16 years after the Nikkei newspaper reported Toshiba Corp has agreed to step up talks to sell its chip business to a group including Bain and the South Korean chipmaker.
The shares were last trading 3.5 percent higher.
(Reporting by Dahee Kim and Hyunjoo Jin; Editing by Edwina Gibbs)
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