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Lana

๐Ÿ‘ค Speaker
2056 total appearances
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Podcast Appearances

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

But over the past month, the company's share price has slipped 10%.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

The issue is energy.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

See, South Korea imports 70% of its oil and 20% of its liquefied natural gas from the Middle East.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

The country's economy and its power-hungry chip makers depend on that energy to keep the lights on, so any disruption will leave them fumbling.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

That's weighed on South Korea's main KOSPI index, too.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

It's dropped more than 10% in the last month.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

Before we dive into the next story, it's time for our daily check-in with Carl.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

You've got questions.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

He's got your answers.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

Carl, what have you got for us?

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

Thanks, Carl.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

Next up.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

The UK's annual inflation held steady at 3% in February, but that was before war in the Middle East sent energy prices sharply higher.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

This inflation report came in exactly as expected, but it's more of a snapshot of the past than anything, and that's exactly how investors treated it on Wednesday.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

See, before the conflict, which began on February 28th, investors thought the Bank of England would cut interest rates this year to support the country's growth.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

But the UK economy is particularly vulnerable to energy shocks.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

Gas heats 85% of British homes and provides 30% of the country's electricity.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

So traders are now betting on two quarter-point rate hikes instead.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

The BOE now expects inflation to reach around 3.5% in the coming months.

The Finimize Daily Brief
SK Hynix Wants A US Stock Listing, And UK Inflation Captured A Bygone Era

thing is, it wasn't exactly cooling down quickly before the hostilities broke out.