SK Hynix posts record profit, KOSPI surges over 6 pct on AI demand
Briefing by News4U · First published
SK Hynix reported record third-quarter profit and a 100 trillion won shareholder return plan, driving Seoul shares up more than 6 percent.
SK Hynix posted record third-quarter revenue and operating profit of 83.3 trillion won ($62.5 billion), a sevenfold increase that beat forecasts, and announced a 100 trillion won ($75 billion) shareholder return program for 2026. [1] [2] [4]
The KOSPI jumped 374.1 points, or 6.63 percent, to 6,012.44, with SK Hynix shares rising 11 percent and Samsung Electronics up 9 percent; the Korea Exchange activated a buy-side sidecar for five minutes. [2] [4]
SK Hynix said conventional and high-bandwidth memory capacity is sold out through 2029, with shortages expected to persist through at least 2030. [3] [4]
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
- SK Hynix delivered on third-quarter results — but the outlook is what really mattered to Wall Street and the AI trade
MarketWatch · · Summary only
- Kospi surges 7% as SK Hynix earnings fuel AI stock rebound
CoinDesk · · Full text