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South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

By Cynthia Kim SEOUL, April 23 (Reuters) - South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI investment, though rising risks from the Middle East war threaten to cut into the record earnings.
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Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts

Nvidia supplier SK Hynix's Q1 profit rises five-fold, meets forecasts

By Heekyong Yang and Joyce Lee SEOUL, April 23 (Reuters) - South Korea's SK Hynix posted a more than five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products.
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SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices

SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices

SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices
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Morning Bid: Indefinite ceasefire, markets unbothered

Morning Bid: Indefinite ceasefire, markets unbothered

A look at the day ahead in European and global markets from Ankur Banerjee An indefinite ceasefire in the Middle East that may or may not be agreed by all parties but is mostly expected by markets is likely to leave April's risk momentum intact, allowing investors to focus instead on corporate
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Morning Bid: Tech overwhelms Iran tension

Morning Bid: Tech overwhelms Iran tension

By Mike Dolan April 21 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Tech stocks are refusing to go to ground this week, despite ongoing Gulf tensions and the looming expiry of the current two-week U.S.-Iran ceasefire on Wednesday.
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Another deadline dodged

Another deadline dodged

By Mike Dolan April 22 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets President Donald Trump unilaterally extended the Iran war ceasefire beyond Wednesday's deadline, but it's not clear whether anyone else involved in the conflict has
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South Korea tells US lawmakers it will ensure no discrimination against US tech firms

South Korea tells US lawmakers it will ensure no discrimination against US tech firms

By Heejin Kim SEOUL, April 23 (Reuters) - South Korea's government said on Thursday it would ensure no discrimination against U.S. tech companies, including e-commerce firm Coupang, following a letter from U.S. lawmakers calling for an end to unfair targeting of American businesses.
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Morning Bid: How much risk can markets swallow?

Morning Bid: How much risk can markets swallow?

A look at the day ahead in European and global markets from Rae Wee It's hard to pop the champagne when you're constantly looking over your shoulder.
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South Korea police seek detention warrant for BTS agency founder Bang

South Korea police seek detention warrant for BTS agency founder Bang

By Kyu-seok Shim and Heekyong Yang SEOUL, April 21 (Reuters) - South Korean police have requested a detention warrant for Bang Si-hyuk, the chairman of Kpop agency HYBE, over alleged illegal trading tied to the company's initial public offering.
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Morning Bid: Markets long for peace, prepare for Warsh

Morning Bid: Markets long for peace, prepare for Warsh

A look at the day ahead in European and global markets from Gregor Stuart Hunter: The clock is ticking for Iran's ceasefire with the U.S. to expire, though markets are looking through the risks for now.
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Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs

Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs

April 20 (Reuters) - Morgan Stanley said increasingly autonomous artificial intelligence could boost demand for central processing units (CPUs), reshape data center buildout and widen investment beyond the graphic chips that have dominated the AI boom so far.
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South Korea economy likely returned to growth in Q1 - Reuters poll

South Korea economy likely returned to growth in Q1 - Reuters poll

By Rahul Trivedi BENGALURU, April 21 (Reuters) - South Korea's economy likely returned to growth last quarter due to strong semiconductor exports and steady domestic demand, a Reuters poll of economists showed, although some warned the Middle East war could begin weighing on activity.