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European Morning Brief · Wednesday 28 October 2026

The Trade Academy Team

Oct 28

1 min read

SK Hynix's record quarter sends Seoul up 6.6% — on a day of the Fed, Big Tech and the UK budget
SK Hynix reported a seven-fold jump in profit to a record and said memory shortages will last until 2030, and Seoul's KOSPI surged 6.64% to close back above 6,000, with Taipei up 2.04% and Tokyo 1.08%. On Tuesday the Nasdaq rose 1.18% on revived AI momentum, while Europe gained 0.47%, led by chipmakers, although London fell as HSBC dropped 5.4%. Oil has jumped 1.8% to $116.30 after the Houthis claimed a missile strike on Saudi Arabia's Ras Tanura refinery. Today brings the Fed's decision at 19:00 CET, the UK budget and results from Microsoft and Alphabet. — SK Hynix's record quarter sends Seoul up 6.6% — on a day of the Fed, Big Tech and the UK budget

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