SK Hynix Earnings Beat Fuels 7% Kospi Surge as UBS Posts 27% Profit Jump
SK Hynix reported third-quarter earnings that sharply beat analyst estimates, with the South Korean chipmaker crediting demand for AI memory chips, according to CNBC.
The results helped drive a rebound in South Korean equities, with the Kospi index surging Kospi surges 7% as SK Hynix earnings fuel AI stock rebound.
, according to CoinDesk.
Separately, Swiss bank UBS reported third-quarter pre-tax profit of nearly UBS reported a third quarter pre-tax profit of almost $3.6 billion.
, up UBS pre-tax profits jump 27% to $3.59 billion in the third quarter.
from a year earlier, according to CNBC.
This article is for information only and is not financial advice.
What the market did
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Story so far 2 updates
- flashSK Hynix beats profit estimates on AI memory demand; UBS pre-tax profits jump 27% to $3.59 billionfirst reported · 2 sourcescnbc.com · coindesk.com
- storySK Hynix Earnings Beat Fuels 7% Kospi Surge as UBS Posts 27% Profit Jumpupdate · 2 sourcescnbc.com · coindesk.com
