Report flood

Asian giants caught up with Micron's report rally

The American AI rocket Micron's extremely strong interim report and forecast for the future lifted South Korean rivals SK Hynix and Samsung on the stock market on Thursday.

The memory chip manufacturer's revenue increased by 74 percent compared to the previous quarter.

"This suggests that SK Hynix and Samsung Electronics can also show a similar revenue increase," Bloomberg economists write in a comment.

Micron, Samsung and SK Hynix are among the world's largest memory manufacturers. Micron surged 16 percent in after-hours trading after Wednesday evening's report, while Samsung and Hynix rose 5 and 13 percent respectively on

Analysis: H&M must reverse the trend – and perhaps change CEO

It is obvious that CEO Daniel Ervér's strategy is not working, writes DI's Julia Forsberg Tåhlin after H&M's interim report.

She notes that sales have been stagnant for a long time and sees no signs of a trend break in the report. Moreover, a large part of the profitability improvements are already behind the fashion giant. Without better sales growth, margins will begin to flatten out, writes Forsberg Tåhlin and concludes:

"The board should start thinking about whether new leadership is needed."

Just like Forsberg Tåhlin, EFN's Peter Hedlund notes that H&M's rivals such as Zara owner Inditex are pulling away.

He notes that the changes in the sales organization that lower the past quarter's profit by 679 million are a blow that, in the name of fairness, should be divided over more quarters. But the changes must also accelerate the weak growth for the trend of rising margins to continue, writes Hedlund.

Seoul Stock Exchange during the morning.