SK Hynix Earnings Lift Asian Tech Shares as AI Trade Returns

The earnings from SK Hynix were the trigger for the regional move, according to Bloomberg Daybreak Europe’s overnight markets review. The report did not provide SK Hynix’s revenue or profit figures, nor did it specify the size of the share gains in South Korea or elsewhere in Asia.

Bloomberg described investors as charging back into the AI trade after the results, without citing specific flows or individual stock moves.

Separately, UK Chancellor of the Exchequer John Healey said his first budget would deliver “breathing space” for Britain, Bloomberg said. The remark comes as Andy Burnham’s new administration seeks to sustain a poll bounce at minimal cost. The report did not give details of the budget measures or the polling figures.

Bloomberg Daybreak Europe also listed Raja Akram, chief financial officer of Deutsche Bank; Manus Costello, chief financial officer of Standard Chartered; and Anders Opedal, chief executive of Equinor, as guests on the programme.