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SK Hynix Drops as Profit Disappoints

Bloomberg Technology Wednesday 29 July 2026, 07:25 UTC 1 min read
Key Points

Jul 29th, 2026 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 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 six-fold surge in quarterly profit. Bloomberg's Anthony Stephens reports.

Jul 29th, 2026 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 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 six-fold surge in quarterly profit. Bloomberg's Anthony Stephens reports.
SK Hynix Drops (PERSON) Profit Disappoints (ORG) Hynix Drops (PERSON) SK Hynix (PERSON) Seoul (LOCATION) Bloomberg (ORG) Anthony Stephens (PERSON)
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