South Korea stocks fall after SK Hynix results, Australia shares hit one-year low

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Asia-Pacific markets weaken, South Korea’s SK Hynix fell after it announced quarterly results, while Australia shares touched over a year low.

South Korea stocks declined Thursday, dragged down by shares of SK Hynix which fell after announcing quarterly results, while Australia shares touched over a year low.for the third quarter, in contrast to a 1.11 trillion won net profit in the same period a year ago.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyending the day below the 4,200 level Revenue fell 17% year on year to come in at 9.07 trillion won. The company also recorded an operating loss of 1.79 trillion won compared to an operating profit of 1.66 trillion won in the third quarter of 2022.

 

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