Seoul shares open higher on bargain hunting after chip rout
LG Electronics, the No. 1 home appliance maker, rose 1.9 percent, and shipping firm HMM climbed 1.75 percent.
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Summary
LG Electronics, the No. 1 home appliance maker, rose 1.9 percent, and shipping firm HMM climbed 1.75 percent. Among decliners, leading battery maker LG Energy Solution fell 0.8 percent, and defense giant Hanwha Aerospace declined 1.94 percent. Market bellwether Samsung Electronics jumped 5.23 percent, while its rival SK hynix climbed 3.55 percent.
Furthermore, SK hynix posted a record net profit of 93.92 trillion won ($64.6 billion) for the April-June period, skyrocketing from 6.99 trillion won a year earlier. Its operating profit also jumped over sixfold to 60.54 trillion won from 9.21 trillion won, driven by robust demand for high bandwidth memory chips and other memory products.
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LG Electronics, the No. 1 home appliance maker, rose 1.9 percent, and shipping firm HMM climbed 1.75 percent.
reliability low1/2 sourcesAmong decliners, leading battery maker LG Energy Solution fell 0.8 percent, and defense giant Hanwha Aerospace declined 1.94 percent.
reliability low1/2 sourcesMarket bellwether Samsung Electronics jumped 5.23 percent, while its rival SK hynix climbed 3.55 percent.
reliability low1/2 sourcesSK hynix posted a record net profit of 93.92 trillion won ($64.6 billion) for the April-June period, skyrocketing from 6.99 trillion won a year earlier.
reliability low1/2 sourcesIts operating profit also jumped over sixfold to 60.54 trillion won from 9.21 trillion won, driven by robust demand for high bandwidth memory chips and other memory products.
reliability low1/2 sources
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