A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.

SK Hynix's shares slumped, hit by the shock from Chinese artificial-intelligence startup DeepSeek as stock trading resumed in South Korea after a four-day holiday.

SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven by explosive demand for artificial intelligence memory products.

Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.

Apple and other big U.S. companies reporting fatter profits than expected are helping stock indexes shave off more of their sharp losses from the start of the week. The S&P 500 rose 0.

The KSE-100 witnessed strong buying for the major part of the day, hitting an intra-day high of 115,106.99, a gain of around 1,900 points as compared to the previous close. However, some late-session selling trimmed the intra-day gains.

US and European stock futures gained after strong earnings from Apple Inc. and Intel Corp. boosted sentiment, while the dollar also rose as traders brace for President Donald trump’s tariffs announcements on Saturday.

Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 950 points during the opening hours of trading on Friday. At 10:10am, the benchmark index was hovering at 114,152.27, an increase of 945.87 points or 0.84%.

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Retail investors poured money into Nvidia shares as the stock saw its largest single-day drop since March 2020. ASML stock rose nearly 6% premarket after the Dutch semiconductor equipment company posted better than expected fourth quarter earnings and its ...

TL;DR: SK hynix reported record profits in 2024, driven by high demand for its HBM memory used in AI chips, achieving sales of 66.1 trillion won and operating profits of 23.4 trillion won.