SK Hynix Jumps 11% as Global AI Stocks Rally — SkimNews
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- Global stock markets rose as investors continued to bet on AI.
- US stocks rallied, after which global shares were mixed and oil prices gained more than 1%.
- SK Hynix earnings boosted the AI trade and propelled an Asian-stock rally ahead of the Fed decision.
- AI stocks rallied as SK Hynix jumped 11%.
Why it matters: For SK Hynix investors, the 11% jump provided a concrete gain as company earnings boosted Asian stocks. Yet mixed global shares, oil up more than 1% and the Fed decision ahead show that the broader strength was concentrated in the AI trade rather than uniform across markets.
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