SK Hynix Sinks, CCB Jumps, TCS Gains
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix sank 10% and Samsung Electronics about 8% as the Kospi Index in South Korea — a key barometer of the AI trade — tumbled on concerns of Chinese competition, spurring investors to rotate out of the tech sector.
- Chinese semiconductor stocks are rallying to positive on the day and Chinese banks such as China Construction Bank are performing strongly.
- India settles into its new rally with TCS reporting good earnings as Modi talks up tech, data, and AI power at the Bloomberg New Economy Forum.
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