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SK Hynix Soars After 631% Profit Jump, 100 Trillion Won

By Drooid · Oct 28, 2026 · How we work

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Summary

Federal Reserve (Fed) Chair Kevin Warsh led a meeting where policymakers were expected to keep rates unchanged.
The S&P 500 rose 0.2% near its all-time high.
AI shares lifted Micron 4.7% and SK Hynix 10.9% in Seoul.
SK Hynix posted a 631% Q3 operating profit jump and pledged 100 trillion won to shareholders.
Brent crude rose to $115.29 a barrel, lifting 10-year Treasury yields to 5.02%.

History

In September 2008, Fed Chair Ben Bernanke cut the federal-funds rate by 75 basis points to 2.00% as a wave of bank rescues totalling nearly $800 billion and a $300 billion Term Auction Facility expansion signaled the height of the global financial crisis. Today, Warsh’s meeting echoes that caution while AI-chip makers post record profits and Brent tops $115 a barrel.

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In September 2008, Fed Chair Ben Bernanke cut the federal-funds rate by 75 basis points to 2.00% as a wave of bank rescues totalling nearly $800 billion and a $300 billion Term Auction Facility expansion signaled the height of the global financial crisis. Today, Warsh’s meeting echoes that caution while AI-chip makers post record profits and Brent tops $115 a barrel.

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