News Summary

• South Korean chip giant SK Hynix plunged again as a ‌record six-fold jump in quarterly profits missed forecasts early on Wednesday.
• That's a warning ahead of u.s. megacap earnings due out later today.
• Before ‌that, markets will digest the Federal Reserve's latest policy decision and commentary from Chair Kevin Warsh.
• But first, check out my mid-week column, where I discuss hyperscaler cash burn, the new British PM's poll bounce and whether the Ukraine and Iran wars could converge.