Korean won hits strongest level in 10 months as chip exports surge 179%
The Korean won hit its strongest level against the dollar in almost 10 months, driven by chip exporters. July exports jumped nearly 63% year-on-year to $98.89B with semiconductor shipments up 179%, and a Temasek-backed report lifted sentiment around SK Hynix and the broader memory sector.
Detected & updated continuously · Source: Nebula
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@Luceyeon
The won just hit its strongest level against the dollar in almost 10 months, and chip exporters are the reason. July exports jumped nearly 63% year on year to $98.89B, with semiconductor shipments up 179%. Exporters converting those dollar earnings back into won, SK hynix's ADR
@BingXOfficial
$SKHY is gaining ground as confidence in the memory-chip cycle builds. 🚀 A Temasek-backed report is lifting sentiment around SK Hynix and the broader memory sector. What’s driving the move? Read the full breakdown now👇 https://t.co/gU4SWDW2oB