EXPORT OF GOODS IN JAPAN FALLS IN FEB. BY 4.5 PERCENT

Highlights –

• Export of goods in Japan falls in Feb by 4.5 percent.
• The decline has been due to sluggish demand by the U.S for items such as cars.
• The country’s auto exports fell to 12.9 percent.
• Exports of semiconduct...

JAPAN GOVT. REPORTS AN INCREASE IN EXPORTS IN JANUARY 2021

Highlights –

• Japan Govt. reports an increase in exports in January 2021.
• Exports posted the sharpest growth due to demands in China and other Asian countries.
• The data was compiled on a customs-cleared basis.
• Exports in Jan...

SKY HYNIX INC. REPORTS Q4 OPERATING PROFIT TO INCREASE BY 956.9 BILLION WON

Highlights –

• SK hynix Inc. reports Q4 operating profit to increase by 956.9 billion won.
• The chipmaking company expects strong demand for memory chips this year.
• SK hynix announced a per-share dividend of 1,170 won.
• The com...

CHINA IS INVESTING BILLIONS IN CHIPMAKING

Highlights:

• Semiconductor Manufacturing International Corporation (SMIC), the largest semiconductor maker in China is likely to raise around $7.5 billion this year by listing its stock in Shanghai.
• This move will enable China to reduce its reliance on...

SK HYNIX INC. QUARANTINE 800 EMPLYOEES, CHIPMAKING CONTINUES

Highlights –

• Chipmaker company quarantines employees
• Daily operation not to be affected
• Number of confirmed cases increased

With the number of confirmed cases of COVID-19 soaring to 104 as of Thursday in South Korea...

SOUTH KOREAN STOCKS DROP, US ANNOUNCES TRADE RESTRICTIONS ON CHINA

United States announced that it is going to impose tougher trade restrictions on China. Following the news, South Korean stocks dropped 1.5 percent on Tuesday. The Korean Won severely lost ground against the U.S. dollar.

According to the news report by Yonhap News Agency, the benchmark ...