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STX Corp falls most in 8 months on $194m rights issue

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STX Corp., the main holding company for STX Group, fell the most in almost eight months in Seoul trading after announcing a 162.5 billion won ($194 million) rights offering.
 
The company dropped as much as 11% to 18,550 won and traded at 18,850 won as of 11:57 a.m. Affiliate STX Offshore & Shipbuilding Co., the owner of Europe’s largest shipyard, fell as much as 5.3% to 14,300 won.
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