South Korean semiconductor stocks experienced significant gains on Tuesday as foreign investors showed strong demand, driven by increasing optimism for a recovery in memory-chip prices. Chipmakers Samsung Electronics and SK Hynix Lead the Way Shares of chipmakers Samsung Electronics and SK Hynix outperformed the benchmark Kospi index, rising 3.1% and 4.8% respectively, while … [Read more...] about South Korean Semiconductor Stocks Surge
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SK Hynix Posts Third Consecutive Quarterly Loss
SK Hynix, a South Korean memory-chip maker, has reported its third consecutive quarterly loss due to a slow recovery in the chip industry. The company also announced a further reduction in production. In the second quarter, SK Hynix incurred a net loss of KRW2.988 trillion ($2.34 billion), following a loss of KRW2.585 trillion in the previous quarter and a profit of KRW2.881 … [Read more...] about SK Hynix Posts Third Consecutive Quarterly Loss
