A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.
Asian equities fell Friday (Jan 31), as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.
Samsung's Q4 revenue grew by 12% Y/Y to $52.2B, but operating profit declined by 30% Q/Q due to soft market conditions and higher R&D costs.
SK Hynix's shares slumped, hit by the shock from Chinese artificial-intelligence startup DeepSeek as stock trading resumed in South Korea after a four-day holiday.
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung.
TL;DR: SK hynix reported record profits in 2024, driven by high demand for its HBM memory used in AI chips, achieving sales of 66.1 trillion won and operating profits of 23.4 trillion won.
SK Hynix’s scorching growth underscores the extent ... And while smartphone demand — even for Apple Inc.’s iPhone — remains muted, the Korean firm expects sales of PCs and devices equipped ...
Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.
Asian equities fell Friday, as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.
Apple and other big U.S. companies reporting fatter profits than expected are helping stock indexes shave off more of their sharp losses from the start of the week. The S&P
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted during
Asia market update: Nasdaq FUTS rise in Asia ahead of month-end, Apple gains after earnings, Samsung commented on HBM; BOJ Gov Ueda scheduled to appear before parliament from 2:35 pm (local time) [12:35 AM EST].