Global Market: Kospi slips as Samsung, SK Hynix decline before earnings
4 Articles
4 Articles
Global Market: Kospi slips as Samsung, SK Hynix decline before earnings
South Korean shares fell after the holiday break, with the KOSPI declining 0.49% as chipmakers weakened ahead of Samsung Electronics’ third-quarter earnings. SK Hynix dropped 2.72%, while foreign investors sold 564.5 billion won in equities. Gains in battery, auto and steel stocks partly offset losses, while the won weakened slightly.
In Asia, all of the leading stock markets are down on Thursday. Memory chip giant Samsung is falling, despite a nearly 800 percent increase in third-quarter earnings. At the same time, US interest rates are turning up.
South Korean equities declined during Wednesday's dealings, with sales pressure on chip companies just before Samsung-Eltronks announced their business results, amid fears of high bond returns. The Cosby index closed down by about 2%, the lowest since September 17, as the Samsung-Eltronix stock declined by 1.29%, and SK-Hinx by 2.82%.
Samsung, SK Hynix shares drop as Q3 earnings loom
Investing.com-- Shares of Samsung Electronics and SK Hynix fell on Tuesday, lagging broader gains in chipmaking stocks as caution ahead of their third-quarter earnings weighed. Samsung fell 1.8%, while SK Hynix slid 3.4%, with both stocks dragging the KOSPI index down more than 1%. Samsung is set…
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