SK Hynix posts record profit, Seoul shares jump over 6%
Briefing by News4U · First published
SK Hynix reported record quarterly earnings and a $75 billion shareholder return plan, driving Seoul shares up 6.63% to 6,012.44.
SK Hynix posted record-high revenue and operating profit for the third quarter on robust memory chip demand amid the AI boom, and announced a shareholder return program worth more than 100 trillion won ($75.3 billion) for 2026. [1] [2]
The KOSPI surged 374.1 points, or 6.63 percent, to close at 6,012.44, prompting the Korea Exchange to activate a buy-side sidecar for five minutes. [2]
Sources
- SK Hynix Posts Record Profit Amid AI Rush
Bloomberg · · Summary only
- Seoul shares soar over 6 pct on revived AI optimism, SK hynix earnings
Yonhap Business · · Full text