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.

Asian equities fell Friday (Jan 31), as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.

Samsung's Q4 revenue grew by 12% Y/Y to $52.2B, but operating profit declined by 30% Q/Q due to soft market conditions and higher R&D costs.

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.

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung.

SK hynix has just posted its best-ever yearly earnings for 2024: $46.1 billion in sales, revenues increased by 102% thanks to HBM and AI demand.

SK Hynix’s scorching growth underscores the extent ... And while smartphone demand — even for Apple Inc.’s iPhone — remains muted, the Korean firm expects sales of PCs and devices equipped ...

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

Last year, SK hynix, which is projected to record its highest ever performance, decided to pay its employees a performance bonus of 1,500% of the base salary, the highest level ever.

Apple’s own brand of artificial-intelligence might be rolling out slowly but analysts are hailing early evidence that it is set to boost iPhone sales. Luria raised his target price on Apple stock to $290 from $260.

Massive buying was witnessed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining over 1,800 points during the second half of the trading session on Friday. At 2:40pm, the benchmark index was hovering at 115,012.43, an increase of 1,806.03 points or 1.6%.

Most Asian markets rose on Friday following encouraging earnings updates from Apple and Intel. Seoul stocks underperformed amid a