SK Hynix IncMentioned as a technology stock that soared 5.84% on Wednesday, but the article focuses on potential profit-taking and negative global outlook.
South Korea's KOSPI index faces potential profit taking on Thursday after a five-session winning streak that added nearly 1,150 points, or 13.7 percent, to close at a fresh record high of 8,864.24. The global forecast is negative amid concerns over the interest rate outlook, with U.S. markets falling after the Federal Reserve held rates steady but signaled they could be higher by year-end. On Wednesday, the KOSPI jumped 137.64 points, or 1.58 percent, led by technology stocks such as SK Hynix soaring 5.84 percent, while financials and industrials came under pressure, with KB Financial plunging 4.65 percent and Hyundai Mobis dropping 4.39 percent. Wall Street's major averages tumbled, with the Dow dropping 507.12 points, the NASDAQ slumping 354.69 points, and the S&P 500 sinking 91.25 points.
SK Hynix IncMentioned as a technology stock that soared 5.84% on Wednesday, but the article focuses on potential profit-taking and negative global outlook.
Hyundai Mobis Co.,LtdHyundai Mobis dropped 4.39% on Wednesday and the article suggests further downside due to profit-taking and negative global cues.
KB Financial GroupKB Financial plunged 4.65% on Wednesday and the article indicates continued pressure from profit-taking and Fed rate outlook.