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SK Hynix shares hit 16-year-high on hopes for Toshiba chip talks

Reuters  |  SEOUL 

SEOUL (Reuters) - of extended gains on Wednesday to reach their highest level in more than 16 years after the newspaper reported Corp has agreed to step up talks to sell its chip business to a group including Bain and the South Korean chipmaker.

The were last trading 3.5 percent higher.

is also expected to post record earnings in the third and fourth quarter, boosted by strong chip prices.

(Reporting by Dahee Kim and Hyunjoo Jin; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 12:22 IST