SK海力士利润大增并宣布450亿美元股东回报，亚洲科技股大涨

OLIVER: LIVE FROM FRANKFURT. I’M OLIVER CROOK WITH YOUR TOP STORIES. THE TECH TRADE. CHIP STOCKS. KOSPI SET FOR ITS BIGGEST RALLY IN THREE MONTHS. A BANKING BOOST. STANDARD CHARTERED KICKS OFF EARNINGS WITH A BEAT AND RAISES ITS OUTLOOK. DEUTSCHE BANK, UBS, SANTANDER. PLUS BUDGET TAU IN THE U.K. CHANCELLOR JOHN HEALY PLANS TO DELIVER BREATHING SPACE FOR BRITAIN AS IT HOPES A PAIRED BACK BUDGET WILL HELP AFFORDABILITY.

YOU CAN SEE DOWN BY 1/3 OF 1% THIS MORNING AS YOU CAN SEE DOWN BY 17 POINTS. WE ARE ALSO LOOKING CLOSELY AT THAT AI TRADE AND THE PROXY SCORE. OF COURSE THE NASDAQ 100 FUTURES UP AGAIN. THAT WOULD BE THE THIRD DAY OF GAINS ON THE NASDAQ THIS WEEK. WE HAVE ALREADY PUT 2.4% ON THE NASDAQ THIS WEEK. WE HAVE BEEN BOUNCING AROUND THIS WEEK 114-117. WE STABILIZE THIS MORNING AT $115 A BARREL. OLIVER: GOOD MORNING. WE HAVE A TON OF EARNINGS TO GET THROUGH THIS MORNING.

LET’S BEGIN NOW WITH WHAT WE’RE SEEING FROM DEUTSCHE BANK. WE’LL HEAR FROM THE CHIEF FINANCIAL OFFICER SHORTLY IN ABOUT 30 MINUTES TIME. WE CAN SEE THE ALL IMPORTANT TRADING AND SALES REVENUE COMING H AT 2.4 BILLION EUROS. THAT IS IN LINE WITH ESTIMATES. WE SHOULD SAY THAT IS GOING TO BE CLOSELY WATCHED. IT IS GOING TO BE DOWN YEAR-ON-YEAR BUT KEEPING WITH WHAT WE HAVE SEEN A ACROSS A NUMBER OF DIFFERENT BANKS. DOWN ABOUT 3% OVER AT DEUTSCHE BANK.

BETTER THAN WHAT WE HAVE SEEN WITH OTHER PIERCE. HIKING CYCLE AT THE ECB. INTEREST RATES ARE GOING UP. YOU LOOK AT THE LOAN BOOK AND LENDING FOR CORPORATES THAT HAS CONTINUED TO INCREASE. WE ARE NOT SEEING THE DIFFICULTIES WITH HIGHER RATES FROM THE ECB AND FROM THE BOND MARKET WITH RATES GOING UP HIGHER AND HIGHER. IN GERMANY, HAVING AN IMPACT ON THESE SORT OF LOANS THAT THEY ARE GIVING OUT TO BUSINESSES IN GERMANY.

THAT IS A POSITIVE STORY FROM DEUTSCHE BANK. WE’LL BE HEARING FROM THE CFO LATER AT 6:30 LONDON TIME AND 7:30 HERE IN FRANKFURT. LET’S TAKE IT FROM THE BANKING STORY. TECH LEADING THE RALLY ACROSS ASIA THIS MORNING. LET’S SEE HOW THE MARKETS ARE FARING WINNIE HSU IN HONG KONG. HI. WINNIE: VERY EXCITING DAY FOR ASIAN MARKETS TODAY. UP 1.4% SUPPORTED BY THIS CONFIDENCE AND THE EXCITEMENT AROUND THE GLOBAL AI TRADE. OF COURSE YOU HAVE SOUTH KOREA’S KOSPI INDEX UP 7.4%.

HAVING THE BEST DAY SINCE AUGUST AND FOLLOWED BY SOME GAINS WE SEE IN THE TECH GAUGES THIS IN JAPAN AND HONG KONG. THE BIG CATALYST COMING THROUGH BY SOLID EARNINGS FROM SK HYNIX. UP BY MORE THAN 10%. COMING THROUGH NOT JUST BECAUSE WE SAW THE PROFITS SURGING BEATING EXPECTINGATIONS BUT ALSO THE MASSIVE SHAREHOLDER RETURN PLUS SOME OF THESE POSITIVE COMMENTS WHEN IT COMES TO OUTLOOK FOR THE MEMORY SHORTAGE AND THE LONG-TERM AGREEMENTS WITH CUSTOMERS AND ALSO THE CAPITAL EXPENDITURE.

ALL OF THIS REALLY PAINTING A PRETTY POSITIVE PICTURE CHECK ALL OF THESE BOXES. SO WE ARE WAITING FOR SAMSUNG ELECTRONICS TO REPORT TOMORROW. NOW ANOTHER AREA IN TECH THAT IS REALLY GAINING IS IN THE SHARES LIKE MEDIA TECH IN TAIWAN. AFTER OPENAI SO THEY HAVE THE INTENTION TO BUY GOOGLE CHIPS AS WELL AS SOME OF THE FURTHER TIE-UPS BETWEEN ORACLE AND GOOGLE. FLIP THE BOARD, WE TAKE A LOOK JIO PLATFORMS IS DOING NOW ONE HOUR INTO THE TRADING DEBUT.

YOU’RE SEEING STOCKS UP 22%. THE COMPANY IS ONE OF THE BIGGEST INDIA TELECOM COMPANIES AND IT HAS RAISED $3.1 BILLION IN THE BIGGEST IPO IN INDIA AND IS NOW THE SECOND MOST VALUABLE COMPANY IN THE COUNTRY. LOTS OF EXCITEMENT. WE’LL SEE THAT IF THAT MOMENT UP CONTINUES THROUGHOUT THE TRADING SESSION. BACK TO YOU OLLI. OLIVER: THANKS VERY MUCH. SK HYNIX LEADING GAINS ACROSS THE TECH SECTOR IN ASIA THIS MORNING AFTER POSTING A STRONGER THAN EXPECTED PROFIT SURGE.

PLANS FOR A $45 BILLION SHAREHOLDER RETURNS. LET’S BRING IN OUR BLOOMBERG MARKETS REPORTER ANTHONY STEVENS. THIS IS A BREATH TAKING NUMBER HERE. I THINK WE SAW PROFITS INCREASE BY SEVEN TIMES. 45 BILLION BACK TO SHAREHOLDERS. TAKE US THROUGH THESE? S IN A LITTLE BIT MORE DETAIL.

INTERESTING HOW STRONG THE NUMBERS ARE AND IF FACT THAT THEY HAVE LISTENED TO SHAREHOLDERS IN TERMS OF RETURNING SOME OF THIS MONEY BACK TO SHAREHOLDERS. SHAREHOLDER RETURN PROGRAM IS VERY STRONG AT THE HIGH END OF THE INDIANAPOLIS THAT HAVE BEEN REPORTED OVER THE PREVIOUS WEEK. WE ALSO HAD THEM BLOW THE DOORS DOWN IN TERMS OF OPERATING PROFIT AND SALES NUMBERS. WHAT HAPPENED WITH THE SHARES REALLY ACCELERATED WHEN GUIDANCE WAS COME UP ON THE TECHNOLOGY FRONT.

IT IS REALLY INTERESTING TO ME THAT THE MARKET IS FAR MORE CONCERNED ON TECHNOLOGICAL PROGRESS ON PRODUCTION, ON CAPACITY THAN IT IS ON THE FINANCIALS. WE KNOW FINANCIALS ARE STRONG. THIS IS ONE OF THE MOST MODELED COMPANIES IN ASIA. WHAT THEY ARE LOOKING IS THE TRANSFER FROM 3 TO 4. THEY SAID THEY WERE GOING TO DO THAT IN THE FOURTH QUARTER AND HAVE NO PRODUCTION PROBLEMS. BIG GUIDANCE AS WELL. SO THEY ARE ABLE TO OUT.

CAPACITY TO A DEGREE THAT REALLY REASSURES INVESTORS. THE SECOND THING IS HOW MUCH OF THIS CAPACITY IS NOW LOCKED DOWN ON LONG-TERM CONTRACT. 50% OF THE SUPPLIES LOCKED DOWN ON CONTRACTS. IN TERMS OF DEMAND, IT IS REALLY IN THE GRANULARITY OF THE STORY. A GREAT DAY OBVIOUSLY TO UP 11 THAT YOU SEEING NOW. A LOT MORE DELTA AND A LOT MORE ACCELERATION CAME FROM THE DETAILS OF THE TECH AND JUST HO HIGHLIGHT HOW HARD THAT TECH IS, WE JUST HAD WRITERS SAY -- THE CHINESE COMPETITOR AND THEIR ENTIRE GENERATION BEHIND.

OLIVER: LET’S TAKE A TECH STORY GLOBAL. WE HAVE DONE ASIA SIDE. GOT THE RESULTS FROM ASAN INTERNATIONAL OVERNIGHT. WHAT DID WE LEARN FROM THEM?

IT IS A VERY TOUGH BUSINESS WE DO SEE THEM BENEFITING IN TERMS OF REAL DEMAND FROM ALL OF THESE BOUND THOSE MORE PUNCHY KIND OF REQUIREMENTS ARE GENERATING -- -- THEIR TARGET, PRESUMABLY THREE YEARS EARLY I THEY THINK. THEY INCREASED THEIR OWN TARGET FROM THE LAST GUIDANCE. VERY STRONG NUMBERS. WHAT IS INTERESTING ON THE NEGATIVE SIDE IS MARGINS STUCK. ALL OF THIS TECHNOLOGY, YOU KNOW, IT DOES TAKE MONEY. IT DOES TAKE R & D.

THERE ARE BOTTLENECKS REASON TO CHEER SIDE AS WELL. WE HEARD THAT FROM THE JAPANESE WHO ARE IN THE SAME BUSINESS. IT IS REALLY INTERESTING TO SEE THESE BOTTLENECKS CROP UP IN THE PHYSICAL WORLD OF THIS BUSINESS. OLIVER: BLOOMBERG’S ANTHONY STEVENS THANK YOU FOR RUNNING US THROUGH A. WE’LL WE WILL LOOK AT EARNINGS FROM SOME OF THE HYPER SCALERS BROADLY AHEAD OF THAT ANTHROPIC IPO. ON TO THE U.K. POLITICS. THE U.K. CHANCELLOR JOHN HEALY SAID HIS FIRST BUDGET WILL DELIVER BREATHING SPACE FOR BRITAIN.

ANDY BURNHAM LOOKS TO SUCCEED WITH. JOHN HEALY IN A TOUGH SITUATION. TRYING TO KEEP VOTERS AND THE LABOR PARTY HAPPY AND OUTLINING THE BALANCING ACT.

WHAT ARE WE GOING TO GET?

THEY ARE PEGGING THIS AS A NOTHING TO SEE HERE STEADY AS SHE GOES BUDGET. UNDERNEATH THAT THERE IS QUITE A TOUGH BALANCING ACT. HEALY’S PREDECESSOR RACHEL REAVES RAISED TAXES ALREADY BY 60 BILLION POUNDS IN HER TWO BUDGETS. SINCE THEN INFLATION HAS RISEN. THIS PLANS TO ALLEVIATE TENSIONS ON HOUSEHOLDS. HEALY PLEDGED FISCAL DISCIPLINE IN THIS BUDGET. BUT IT IS ALL AGAINST THE BACKDROP OF COURSE OF THE ECONOMY AND OF HIS HEAD ROOM HAVING SLUNK.

IT IS ESTIMATED TO -- SHRUNK. IT IS ESTIMATED TO HAVE HALVED. HE IS GOING TO BE PUSHING THOSE BIG SPENDING DECISIONS TO A LATER DATE. TO ALLEVIATE PRESSURE ON HOUSEHOLDS AND OPT FOR HIGHER TAXES ON BANKS INSTEAD TO GIVE SMALL TARGETED GIVEAWAYS TO HOUSEHOLDS. OLIVER: THINKING ALSO ABOUT THIS SORT OF GOVERNMENT AIMING TO DO THAT DO NO HARM BUDGET. HAVE THAT SUCKED SO FAR IN DOING NO HARM? WHAT ARE THE MARKETS LOOKING FOR HERE?

SO FAR IT IS RELATIVELY CALM. THEY HAVE AVOIDED THE GLARE OF INVESTORS IN THE U.K.. THE EXPECTING SAYING THAT HEALY WILL MANAGE TO CONTINUE THIS. IT IS THOUGHT THAT IF HE DOES THIS SMALL TARGETED SUPPORT PACKAGE THAT WILL BE QUITE RECOMMEND RECEIVED BY MARKETS BUT OF COURSE THERE IS A RISK. IF RISK IS IF HE PUSHES THESE SPENDING DECISIONS LATER DOWN THE LINE AND DOESN’T OUTLINE HOW HE IS GOING TO FUND LATER SPENDING, THAT FISCAL CREDIBILITY COULD START TO BE ERODED AND POTENTIALLY THE U.K.

COULD BE BACK IN THE BON