SK Hynix Discovers That a 557% Profit Boost Isn't Good Enough - Business Insider
• SK Hynix is experiencing a significant stock sell-off despite reporting a record 557% boost in corporate profits. • The decline dragged South Korea's benchmark KOSPI down approximately 8%, while rival Samsung Electronics shares also fell by about 8%. • This trend has triggered a broader decline in Asian chip stocks, including a 13% drop for Japan's Kioxia and losses for Taiwan Semiconductor Manufacturing Co.
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