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Crypto briefing · Wednesday, October 28, 2026 · Morning edition · Story 4 of 5
SK Hynix earnings drive Kospi and AI stock rebound
SK Hynix reported a sevenfold profit increase and announced $45 billion in shareholder returns, leading a surge in South Korean chipmakers and the Kospi index. Jim Cramer noted Micron's close tracking with SK Hynix in Korea and expressed disapproval.
Why it matters: The strong performance of SK Hynix highlights the growing influence of South Korean chipmakers in the AI sector and their impact on global markets.
Sources: BeInCrypto · CoinDesk
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