Seoul stocks down 3% late Thursday morning after weaker-than-expected Samsung earnings
12 Articles
12 Articles
Global Market: South Korean shares fall 2% as Samsung Electronics slides after earnings
South Korea’s KOSPI fell 2.18% on Thursday as Samsung Electronics dropped 4.13% after disappointing third-quarter profits. Losses extended across battery, automotive and steel stocks, despite foreign investor buying. Authorities pledged to monitor volatility. Meanwhile, the won strengthened 0.72%, and government bond yields declined amid market uncertainty and cautious investor sentiment.
(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…
South Korean equities retreated during Thursday's dealings, after the Samsung Eltronix arrow regressed after a strong quarterly outcome that did not meet investors' expectations of shareholders' returns, despite continuing strong demand for artificial intelligence chips. Cosby's index closed the session by more than 1% after it had risen by about 1.5% earlier, before reversing its trend and landing by up to [...] the Korean stock retreated by mo…
Asian stocks were mixed on Thursday, with investors turning their attention to the technology sector after disappointing results from Alphabet Inc. In South Korea, Samsung Electronics shares fell after the company's chip unit reported profits that fell short of expectations.
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