SK Hynix Up, Meituan Rally, Fast Retailing Slips

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung Electronics Co. and SK Hynix initiating large-scale investments in memory chips, data centers and robotics.
- Meituan CFO Chen Shaohui says the company is “severely undervalued” and plans to conduct share buybacks, Yicai reports, citing remarks made in annual shareholders meeting.
- Japan’s retail sales rose in May for a third month, powered by strong wage gains and government subsidies to ease the cost of living.

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