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South Korea's Kospi rises more than 5% at the open after SK hynix results

FinanceInternationalInfobae35 s readAI summary
Image: Infobae

Seoul's Kospi rose more than 5% at Wednesday's open, driven by renewed optimism about artificial intelligence after memory chipmaker SK hynix reported quarterly results. In the first hour it gained 282.32 points to 5,920.66, while the Kosdaq rose 3.48% to 769.74. Korea Exchange activated a five-minute buy-side sidecar on the Kospi after the Kospi 200 futures index rose more than 5% in one minute. SK hynix reported profit of more than 39.7 trillion won and sales growth above 300%.

In 35 seconds

  • The Kospi gained 282.32 points in the first hour to 5,920.66, a rise of more than 5%
  • The Kosdaq rose 3.48% to 769.74 units
  • KRX activated a five-minute buy-side sidecar on the Kospi
Read the full story at Infobae

IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.

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