Two of Asia's most semiconductor-heavy markets led the region higher on Wednesday, hours before Nvidia reports second-quarter results. Taiwan's Taiex rose 1.47…
Samsung Electronics’ semiconductor division earned KRW 106.5 trillion, or $79.6 billion, of operating profit in the third quarter, nearly all of the group’s total, in results released on 29 October. The quarter rests on server memory, which both companies cite for their results. In The Edge’s reading, the larger change is in how memory is…
A record SK hynix quarter sent Seoul’s Kospi up 6.63% to 6,012.44 on Wednesday, with chip markets higher across Asia hours before the Federal Reserve’s decision. The question over the AI trade since mid-October has been whether chip demand converts into profits and payouts; in The Edge’s reading, SK hynix answered it for the chipmakers,…
Seoul led Asia on Tuesday, with the Kospi up 3.09 percent at 5,638.34 after the Bank of Korea’s advance estimate put third-quarter growth ahead of forecasts. Tokyo’s Nikkei 225 rose 1.73 percent and snapped three declines, while Shanghai and Shenzhen both fell. Taipei returned from its two-session closure with a 0.12 percent gain. Brent crude…
South Korea’s economy grew 1.0 percent in the third quarter from the second, seasonally adjusted, and 3.4 percent from a year earlier, according to the Bank of Korea’s advance estimate. Government spending did most of the lifting. Public consumption and public investment together added 0.8 percentage points of the 1.0 percent rise, on our sum…
Asia split on Monday, with five of the nine indices that traded closing higher. Seoul’s Kospi led the fallers, down 1.46 percent at 5,469.47, while India’s Nifty 50 rose 0.68 percent and Hong Kong’s Hang Seng added 0.51 percent. Tokyo’s Nikkei 225 fell for a third straight session, and Taipei did not trade on the…
Shenzhen’s component index rose 2.79 percent on Friday to snap three straight declines, leading a China rebound a day after all ten of the indices we track closed lower. Shanghai added 0.89 percent and Hong Kong’s Hang Seng 0.69 percent, while Tokyo’s Nikkei 225 slipped a second day after September inflation firmed. Taipei’s market did…
The Bank of Korea left its Base Rate at 3.00 percent on 22 October, pausing after quarter-point hikes in July and August. All seven members of the Monetary Policy Board voted for the decision. The pause does not end the cycle: the Board said it will decide “the timing and pace of further increases in…
Seoul’s Kospi fell 3.52 percent on Thursday as chip shares gave back Wednesday’s rebound, the deepest decline on a day when all ten of the indices we track closed lower. Tokyo’s Nikkei 225 lost 2.65 percent and finished at its low of the day. The Bank of Korea kept its policy rate at 3 percent…
South Korea’s Kospi rebounded 3.29 percent on Wednesday as chip shares rallied, reversing most of Tuesday’s slide in a single session. Six of the panel’s ten indices closed higher. China’s markets and Hong Kong closed lower, and India slipped on its return from a holiday. Brent crude traded 1.27 percent higher at 110.17 dollars a…
South Korea led Asia lower on Tuesday as the artificial-intelligence trade turned again. The Kospi dropped 3.73 percent to 5,552.74, more than unwinding its two-session rebound, with SK hynix down 4.23 percent. Hong Kong returned from its holiday 1.32 percent lower against Friday’s close, and Shanghai’s 0.12 percent rise was the only gain among the…