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'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling

By Tyler Durden

'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling Things are not going to be fun in South Korea tonight... Good news first... SK Hynix's net income surged a bigger-than-expected 1,242% (though admittedly on one-time investment gains) with the ginat chipmaker bragging that it won multiyear contracts with around 10 customers. Ok, now the bad news... SK Hynix’s quarterly profit rose a smaller-than expected 557%. The key supplier of Nvidia reported operating profit of...