Seoul Stocks Down 3% Late Thursday Morning After Weaker-than-Expected Samsung Earnings
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Kim Yu-hyang = The KOSPI entered a downward trend during trading on the 29th following the announcement of Samsung Electronics' [005930] detailed third-quarter earnings.
Samsung Electronics announced during its Q3 2026 earnings conference call on the 29th that DRAM prices rose by approximately 20% and NAND flash prices by the high teens, driven primarily by server products. Samsung explained that strong demand related to artificial intelligence (AI) in the third quarter led to a significant increase in demand for AI infrastructure products, such as High Bandwidth Memory (HBM) and server Solid State Drives (SSDs)…
Seoul stocks down 3% late Thursday morning after weaker-than-expected Samsung earnings
South Korean stocks traded 3 percent lower late Thursday morning, reversing earlier gains as Samsung Electronics delivered weaker-than-expected third-quarter earnings. The benchmark Korea Composite Stock Price Index (KOSPI) lost 181.1 points, or 3.01 percent, to 5,831.34 as of 11:20 a.m., after rising as high as 6,100.11. The index opened slightly higher, tracking overnight gains on Wall Street after the Federal Reserve held its benchmark intere…
Seoul stocks down 3 pct late Thurs. morning after weaker-than-expected Samsung earnings
SEOUL, Oct. 29 (Yonhap) -- South Korean stocks traded 3 percent lower late Thursday morning, reversing earlier gains as Samsung Electronics delivered weaker-than-expected third-quarter earnings.The benchmark Korea Composite Stock Price Index (KOSPI)
[Digital Daily Reporter Kang Ki-hoon] Although Samsung Electronics announced record-breaking quarterly operating profits exceeding 107 trillion won, its stock price plummeted by more than 5%. The KOSPI also fell back to the 5,800 level after breaking through the 6,100 mark early in the trading session. This is interpreted as a flood of profit-taking sales following the index's approximately 10% surge over the past two days. According to the Kor…
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