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South Korean shares rally 6% as SK Hynix beats forecasts
Round-up of South Korean financial markets: South Korean shares rallied 6% on Wednesday, as chipmakers jumped after SK Hynix announced higher-than-expected third-quarter profit and forecast demand to remain robust. The benchmark KOSPI was up 337.64 points, or 5.99%, at 5,975.98 as of 0140 GMT. The index will post its biggest daily percentage rise since July 31, if the trend holds. An AI-fueled tech rally sent US stocks to a higher close on Tuesday as third-quarter reporting season gained steam, while the Federal Reserve convened for its penultimate meeting of the year. SK Hynix gained 8.20% af...
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