Seoul, July 29 -- Shares of South Korean memory chip maker SK hynix fell sharply on Wednesday despite the company reporting its highest-ever quarterly operating profit and outlining plans for capital expenditure in the high 40 trillion won (USD 27.7 billion) range this year, according to a news report by The Korea Herald.

SK hynix shares closed 8.98 per cent lower at USD 130.17 on Nasdaq, while trading 1.70 per cent higher in after-hours at USD 132.39, according to market data. Earlier in South Korea, the company's shares touched an intraday high of 1,619,000 won (USD 1,120) before reversing sharply to 1,266,000 won (USD 876), down 18.32 per cent, amid a broader market selloff.

The report added that the Korea Exchange halted trading for...