24H | SK Hynix Jumps 3.6% as It to Distribute $12 Billion Special Dividend; Micron Rises 1.8%; iShares MSCI Brazil ETF Tumbles 19%

US Overnight
3小时前

Chip, storage shares rose in overnight trading. SK Hynix jumped 3.6%; SOXL up 2.7%; Micron up 1.8%; SanDisk, Marvell up over 1%.

SK Hynix intends to distribute roughly 80% of the proceeds from reducing its holdings in Japan's Kioxia Holdings Corp. back to shareholders via a special dividend totaling approximately 16 trillion won, equivalent to $12 billion, according to a report by the DongA Ilbo newspaper.

iShares MSCI Brazil ETF tumbled 19%; Petroleo Brasileiro SA Petrobras sank 13% in overnight trading.

Brazilian President Luiz Inacio Lula da Silva won an unprecedented fourth term on Sunday, the country's electoral court said, in a shock result that defied polls, precedent and global ​anti-incumbent sentiment to put the brakes on a wave of right-wing election victories across Latin America.

Lula, an icon of the global left and the most dominant force ‌in Brazilian politics this century, defeated Senator Flavio Bolsonaro, the eldest son of former President Jair Bolsonaro. The senator had finished first in the election's first round and hoped to revive his father's far-right movement.

Crypto stocks fell, with SharpLink Gaming (SBET) falling 4.32%, BitMine (BMNR) declining 2.59%, Strategy slipping 2.06%.

Among other individual movers, MercadoLibre fell 2.41%.

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