SK Hynix Eases AI Peak Fears, Pushing KOSPI Above 6,000
15 Articles
15 Articles
On the 28th, as SK Hynix posted record-high third-quarter earnings, the KOSPI closed at 6,012.44, up 6.63% from the previous day, reclaiming the 6,000 mark for the first time in 10 trading days. Semiconductor investor sentiment, fueled by Antropic's IPO, was driven by news of Broadcom's large-scale support for artificial intelligence (AI) financing.
SK hynix eases AI peak fears, pushing KOSPI above 6,000
KOSPI rebounded above the 6,000 mark Wednesday, as SK hynix eased fears that the artificial intelligence (AI) boom is nearing its peak with a forecast of semiconductor shortages through 2030, record earnings and a sweeping shareholder return plan. KOSPI closed at 6,012.44, up 6.63 percent, led by chip heavyweights. The benchmark index opened 2.33 percent higher, triggering a buy-side sidecar at 9:54 a.m. for the second consecutive day. SK hynix …
(Seoul = Yonhap News) Reporter Kwak Yun-ah = The KOSPI surged more than 6% on the 28th to recover the 6,000 level.
The KOSPI recovered the 6,000 mark, driven by the simultaneous surge of major semiconductor stocks Samsung Electronics and SK Hynix. SK Hynix’s announcement of record-high quarterly earnings and the forecast of a memory supply shortage persisting until 2030 stimulated investor sentiment, leading to buying by foreign and institutional investors and driving the overall market rally.
SK Hynix publishes a quarterly profit of $62.5 billion, promises $45 billion to shareholders and sees the memory shortage last until 2030. Seoul flies away, Wall Street follows. The article Results SK Hynix: the Kospi flies by 6.6% and revives the values of the AI appeared first on Coin Academy
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