Iran Launches Missile Attack on U.S., SK Hynix Misses Earnings Estimates Amid AI Demand
The Iranian military launched multiple ballistic missiles in a surprise attack against U.S. forces, reigniting tensions and pushing oil prices higher as traders reassessed the risk of prolonged hostilities. The attack was intercepted by U.S. defenses but still caused West Texas Intermediate crude to rise nearly 4% overnight. Meanwhile, SK Hynix reported record quarterly profits driven by strong AI demand, though it missed revenue expectations despite a near sixfold year-on-year increase in operating profit. Investors responded positively with shares rising over 4%. Apple also made headlines as its market cap briefly reached $5 trillion for the first time, fueled by disciplined spending and investor confidence. In unrelated news, a powerful earthquake struck Kumamoto, Japan, killing at least two people and raising concerns about disruptions in one of Asia’s key semiconductor manufacturing hubs.
Topics: ballistic missile attack Middle East tensions U.S.-Iran relations