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📈 Business
SK Hynix posts 1,200% profit surge but Seoul stocks tumble on missed targets
South Korean chipmaker SK Hynix reported a 13-fold increase in net profit, but revenues and operating profit came in below analyst forecasts. Investor disappointment triggered a wave of sell-offs and a temporary trading halt on the Seoul Stock Exchange (KOSPI). Markets partially recovered in the afternoon session, though pressure on the semiconductor sector remains strong.
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