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Category South Korea news

Asian Stocks Diverge as Divided Fed Leaves Global Stocks Guessing

Asian Stocks Diverge as Divided Fed Leaves Global Stocks Guessing

In Brief Japan's Nikkei rose while South Korea's KOSPI fell as Asian markets traded mixed. The Fed held rates steady in a 9-3 vote, its most divid...
Samsung Profit Jumps 1,800% as AI Chip Demand Powers Record Quarter

Samsung Profit Jumps 1,800% as AI Chip Demand Powers Record Quarter

In Brief Samsung's operating profit soared 1,800% year over year to 89.5 trillion won. Record server memory demand drove Samsung's chip division t...
South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market

South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market

In Brief South Korea held an emergency meeting amid KOSPI's sharp decline. The KOSPI and KOSDAQ hit circuit breakers on consecutive days for the f...
SK Hynix’s Record Profit Still Trails What Analysts Wanted to See

SK Hynix’s Record Profit Still Trails What Analysts Wanted to See

In Brief SK Hynix posted record Q2 revenue of 79.32 trillion won, missing estimates. Operating profit rose 557% to 60.54 trillion won, below the 6...
Hyperliquid Explains $57 Million SK Hynix Perp Liquidations After Oracle Anomaly

Hyperliquid Explains $57 Million SK Hynix Perp Liquidations After Oracle Anomaly

In Brief A 1,272,000 won print in Seoul sank Hyperliquid's SK Hynix perp 17.9%. Roughly $57.4 million was liquidated across 960 long accounts in s...