SK Hynix Drops as Profit Disappoints
SK Hynix shares slide by a daily record of around 19% in Seoul Wednesday, erasing early gains after the memory maker reported lower-than-expected operating profit
SK Hynix shares slide by a daily record of around 19% in Seoul Wednesday, erasing early gains after the memory maker reported lower-than-expected operating profit for the second quarter and announced plans for higher spending.
The company earmarked at least $31 billion in capital spending this year after reporting a si fold surge in quarterly profit. Bloomberg's Anthony Stephens reports. More on Bloomberg Television and Markets Like this video?
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