WS #11500

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SK Hynix shares fell over 5% ahead of its $29 billion Wall Street debut, reflecting profit-taking and broader tech selloff in Asia. Foxconn reported a 39.8% year-on-year Q2 revenue jump, beating estimates, driven by robust AI server demand and strong iPhone assembly, positive for AI supply chain.

SK Hynix slides ahead of $29 billion Nasdaq listing

SK Hynix shares fell over 5% ahead of its $29 billion Wall Street debut, reflecting profit-taking and broader tech selloff in Asia.

Foxconn reported a 39.8% year-on-year Q2 revenue jump, beating estimates, driven by robust AI server demand and strong iPhone assembly, positive for AI supply chain.

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