Samsung Electronics jumped 5.23% and SK hynix climbed 3.55%, while LG Energy Solution fell 0.8%
Seoul shares open higher on bargain hunting after chip rout
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Summary
LG Electronics, the No. 1 home appliance maker, rose 1.9 percent, and shipping firm HMM climbed 1.75 percent. Among decliners, leading battery maker LG Energy Solution fell 0.8 percent, and defense giant Hanwha Aerospace declined 1.94 percent. Market bellwether Samsung Electronics jumped 5.23 percent, while its rival SK hynix climbed 3.55 percent.
Furthermore, SK hynix posted a record net profit of 93.92 trillion won ($64.6 billion) for the April-June period, skyrocketing from 6.99 trillion won a year earlier. Its operating profit also jumped over sixfold to 60.54 trillion won from 9.21 trillion won, driven by robust demand for high bandwidth memory chips and other memory products. Investor concerns over spending on artificial intelligence (AI) continued to weigh on semiconductor stocks despite a three-day slide in oil prices.
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Factual coreconfirmed by several independent voices
LG Electronics, the No. 1 home appliance maker, rose 1.9 percent, and shipping firm HMM climbed 1.75 percent.
reliability low1/2 sourcesAmong decliners, leading battery maker LG Energy Solution fell 0.8 percent, and defense giant Hanwha Aerospace declined 1.94 percent.
reliability low1/2 sourcesMarket bellwether Samsung Electronics jumped 5.23 percent, while its rival SK hynix climbed 3.55 percent.
reliability low1/2 sourcesSK hynix posted a record net profit of 93.92 trillion won ($64.6 billion) for the April-June period, skyrocketing from 6.99 trillion won a year earlier.
reliability low1/2 sourcesIts operating profit also jumped over sixfold to 60.54 trillion won from 9.21 trillion won, driven by robust demand for high bandwidth memory chips and other memory products.
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Reported detailssecondary facts, each attributed to its source
Investor concerns over spending on artificial intelligence (AI) continued to weigh on semiconductor stocks despite a three-day slide in oil prices.
according to Yonhap News
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