SK Hynix Plunges as US Tech Earnings Loom | The Pulse 7/29/2026

Bloomberg Bloomberg — 48min

Chip stocks in Asia slumped again amid doubts over whether lofty margins can be sustained.

Memory maker SK Hynix slumped in South Korea, extending a rout that has wiped some $700 billion off its market value in little more than a month.

US futures drifted higher ahead of earnings from two of the world’s biggest spenders on artificial intelligence and a US interest-rate decision where some are pricing a hike.

Oil has surged after the US says it intercepted an attack on American military bases in the Middle East.

US Central Command says it joined Saudi forces in retaliating with strikes on Iran-backed militants in Iraq.

The latest flare up brings to an end days of relative calm.

Today's guests: Nataliia Lipikhina, JPMorgan Private Bank Head of EMEA Equity Strategy; Hinda Gharbi, Bureau Veritas CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics.

Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:38 - SK Hynix profit disappoints, embarks $31 billion capex
00:01:05 - Market roundtable: Bloomberg's Shona Ghosh & JPMorgan Private Bank's Nataliia Lipikhina
00:09:00 - UBS starts $3 billion buyback after net income beat
00:13:01 - Nataliia Lipikhina, JPMorgan Private Bank Head of EMEA Equity Strategy
00:17:17 - Oil surges over fresh fighting in Middle East
00:19:57 - Zelenskyy: Good talk with Trump on Patriots
00:23:51 - Wednesday headlines
00:24:18 - Markets price over 30% chance of Fed hike today
00:27:08 - Hinda Gharbi, Bureau Veritas CEO
00:34:37 - Rio Tinto doubles down on productivity
00:38:14 - UBS CEO Emotti on share buybacks and earnings
00:42:35 - StanChart & Deutsche Bank earnings update
00:46:15 - Kering surges after Gucci sales beat estimates
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