Chartered plunges 28 pct after Reuters scoop

Chartered plunges 28 pct after Reuters scoop

Reuters broke news on March 9 that Singapore’s Chartered Semiconductor was planning to raise $300 million in a rights issue. The chipmaker’s share price fell 22 percent within an hour after the news and forced the firm to suspend trading in the stock. Shares fell 28 percent in U.S. trading.