apple chip supplier sk hynix has seen a 54% jump apple chip supplier sk hynix has seen a 5a%jump in itsares have slipped almost 3%, and thatis shares have slipped almost 3%, and that is because it has warned that the global smartphone market is starting to stagnate. similar comments were made by one of its key rivals last week. sarah toms is in singapore to talk us through it. what is the story behind this? as you say, it is a hugejump for sk hynix. i think in profits after tax for the first quarter it was a billions of dollars, but shares are down 3%, because smartphones sales are falling. both sk hynix and tsm have been warning that sales for smartphones have been falling. high end brands like apple are tracing competition from high—end cheaper brands. but sk hynix has been quick to point out that there is demand still for these powerful server processors, and these other more expensive high—capacity chips that are able to process large amounts of streaming data. thank you very much indeed, sarah, joining us from our bureau in singapore. interesting to hear about sk hynix. let's look

the average selling price, up 9% according to sk hynix.s on the heels of that but warning just last week, again, the results bright in the prospects for another year of record revenue at high next, trying toey are finalize this deal along with bain capital for toshiba's chip division. that would give it a world beating market share in that memory division. keep in mind are has been softer than expected demand for the because skom apple hynix gets 12% of its revenue. betty: concerns when it comes to llayed.a stephen: it will be interesting what kind of guidance we are going to get from them going forward, especially as we have en,n the chip prices soft especially as they go into the deal with pain to get to achieve -- bain to get toshiba. a second quarter in a row of better than expected results, from sk hynix showing resiliency. betty: a little more legs in this cycle. stephen: three month ago, we were saying it was iffy. we will push it down the road a little bit. will see how that all translates to the market open in seoul in a couple of

the world's second largest maker of memory chips, sk hynix, has reported a 77%jump in profits, but theto be that happy with the stock. it would seem it is hard to impress markets. let's go to our asia business hub where rico hizon is following the story. what you have to do to get a stock uplift? i know! 77%? that what you have to do to get a stock uplift? i know! 7796? that would really impress us. at the share price insult trading is down by around 3%. despite its hugejump in first—quarter numbers, it was just short of the last quarter's record. strong demand help offset weakness in the smart phone space. it is the second largest memory chip maker at behind samsung electronics, and the group expects continued growth in demand from global internet data centres, while growth should slow in mobile chips as the smart phone market continues to mature. they've are rising and devices add more firepower to process large amounts of streaming data, while some prices have fallen due to off—season lack of demand. they say its shipment had fallen from the previous quarter of two to weak mobile de

and sk hynix looking good in seoul. it is upgraded to a buy by some some securities.ou. u.s. inflation rose to its theest level in a year as fed is leaning toward a slightly softer pace of tightening after its march meeting. joining me here at the ubs global wealth management investment summit in dallas, switzerland is the global cio at ubs. right to have you with us. thanks for joining us. one of the things we saw in the minutes with the fed acknowledging these risks from trade tensions and weighing on growth, where we stand now in following the fed minutes, could we see any slower path of hikes from the fed if the trade tensions escalate? mark: the keyword is if they escalate from here. the fed path is based on what they see in the economic growth picture and the inflation picture and they recognize that trade tensions could eventually or other political tensions could have a real economic impact but right now, they are data dependent. we lean towards the four side of the three-for debate. i do not think the minutes change that. nejra: you acknowledged your the risk

sedenue at sk hynix, it mis revenue. we were expecting a .2 trillion.llion. nperating profit did come i slightly above estimates but connecting come missed estimates. that is adding to the global concerns about slowing demand from the likes of apple after that warning. the industry has been seeing butening in ram prices seeingd ram are revenue. rishaad: china is a key market? >> in the guidance they have been highlighting china. they are saying chinese mobile market growth a bit slow in the first quarter. demand from the likes of walkway outlastedeem to have the weaker than expected demand for the apple iphone. they gained from those dram price increases. it's a server memory demand expected to outgrow mobile by next year. that is where a lot of the growth is coming. those big servers. rishaad: this big servers used for mining bitcoin. it growing about demand for this new iphones. en revenueave se growth tank sharply. that is after the release of the latest devices. what exactlyith these taiwanese companies do for apple. >> good morning. major looking a

tech shares, seeing a big boost from samsung, the chipmaker and sk hynix, intel adding a positive outlooktoring. i would also like to highlight he a motors which is rising after first-quarter profits beat stronger, even as a one and higher incentive has affected earnings. ins chart here, shares korean companies specializing in landmine removal equipment, have surged on these reduced tensions. on the peninsula. the white line is tech. friday, andins in the line in blue is jumping 20%, standing for mine clearing operations. this is helping to sustain rallies in some of these stocks which could stand to benefit from peace talks. we not seeing much in concrete .etails on these talks rishaad: every time we see those tests, we see a reaction on south korea and related equities as much. something that is naturally grabbing the world's attention. we have paul allen with our first word news. historyanks, rishaad, is definitely being written as they meet for the first time in many years. president moon and kim jong-un exchanged handshakes at the demarcation line. mont stepped back into the north, a

i want to highlight sk hynix. a class-action lawsuit was filed in the u.s. top chipmakers. colluded.is that they 2.2%.ix off by i just much for that. it's good to first word news with paul allen. the trump administration says it will extend relief on steel and aluminum tariffs. on tuesday.xpire an announcement will be made right before the deadline. he declined to say who would be spared. the u.k. secretary has resigned amidst claims that she misled parliament for removing illegal immigrants. they have been calling for her to step down. theresa may has accepted her resignation. she was a pro-european voice in the government. france and iran say they will work together to preserve the nuclear deal, even if the u.s. walks away. an hourke for more than . the trump administration faces a may 12 deadline. the president has indicated that he might withdraw. iran has said they have no interest in renegotiating the accord. information and then later passed it on to cambridge analytica. they were given a one day access to random tweets. twitter says it has removed ca

it was initially because of the groupement of sk hynix, a put together by bain capital to buy the chips in china, china gets to weigh in on the deal. but there's a whole other dynamic going on. china is also trying to build its own semiconductor sector, and we have rising trade disputes between china and the u.s. to a certain extent, it may have been caught up in that. the other thing to note is that toshiba no longer needs the money. it raised financing in other ways. so the pressure of the company to essentially raise the cash has somewhat alleviated, and that has opened the door to more options for the sale of the unit, if at all. >> reed, thank you so much. let's go to one of deutsche bank's biggest shareholders, cutting at stake two months after it said it wouldn't. money aftero raise financing problems at home. david, how much of the surprises this? >> well, it was a surprise. in february they said they would remain committed to deutsche bank, they wouldn't be selling their stake. if you saw this in your email over the weekend yesterday afternoon you would be a bit surprised. but