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The benchmark KOSPI slipped nearly 2% to around 5,430 on Friday, extending losses after hitting its lowest closing level since April, as a global AI and semiconductor selloff weighed on Korean chipmakers. The Nasdaq fell 2.6% overnight, with Micron and Nvidia among the major decliners, dragging Samsung Electronics lowe
SpaceX reported third-quarter 2026 revenue of $14.6 billion, up 161% year over year, and net income of $4.4 billion versus a $1.1 billion loss a year earlier. Adjusted EBITDA was $8.8 billion, up 306% from $2.2 billion.
The benchmark KOSPI rose nearly 1% to around 6,080 on Wednesday, snapping a five-day slide near a two-month low, as investors bought semiconductor shares following a sharp selloff in the previous session. Samsung Electronics and SK hynix climbed nearly 2% and more than 1%, respectively, recovering part of Tuesday's plu
The KOSPI fell more than 2% to around 6,850, with WTI above $100 and Brent above $107 as US 10-year yields hit their highest level since October 2023. Samsung Electronics and SK hynix led the decline; BOK signaled it will assess the timing and pace of further rate hikes.
FuelCell Energy said it secured its first order for FuelCell Energy Blocks for data center applications and lifted committed and awarded capacity backlog to $3.6 billion as of July 31.
South Korean shares fell more than 3% as rising bond yields weighed on equities amid escalating U.S.-Iran conflict. The benchmark KOSPI fell 214.27 points, or 3.13%, to 6,621.53 as of 0158 GMT.
SK Hynix and Samsung Electronics fall in Seoul after reports that U.S. officials pressed South Korean chipmakers and the government to invest in U.S. memory-chip production.