SK Hynix Drops, BYD Rises, Kandenko Tumbles
from Stock Movers Hosted by iHeartPodcasts
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SK Hynix earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about over investment in AI capacity. - Chinese EV stocks rally, with market watchers pointing to funds rotating out of AI stocks and easing of concerns over memory-chip costs. BYD jumps as much as 5%. - Japanese construction stocks are rising after a big earthquake in Kumamoto Prefecture, on the southwestern island of Kyushu. Kandenko falls as much as 6.8%.
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