Traders increase bets on Fed rate cuts after U.S. PCE data
According to Jinshi's report, US short-term interest rate futures rose after the release of US data, as traders increased their bets on the Fed's interest rate cuts.
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SK Hynix reported Q3 revenue of $75.3 billion, surpassing one trillion Korean won for the first time. Operating profit reached a record high, while net profit was $28.6 billion, up 216% year-on-year but down 58% quarter-on-quarter, significantly below expectations. The company announced a dividend of $10.1 billion and a share buyback of $14.4 billion, and predicts that the memory shortage will continue until 2030.

SK Hynix (SKHY.US) Q3 revenue surpasses 100 trillion KRW for the first time, why did net profit drop by half quarter-on-quarter?
SK Hynix's Q3 revenue surpassed 100 trillion KRW for the first time, and operating profit reached a record high, but net profit fell 58% quarter-on-quarter. The main reason is that the base for Kioxia investment income was high in Q2, and there was no such one-off income this quarter. The actual business operations remain strong.
