Seoul stocks down 3% late Thursday morning after weaker-than-expected Samsung earnings
14 Articles
14 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)…
KOSPI Slips Below 6,000 as Samsung Shares Tumble Despite Record Profit, Ending SK Hynix-Fueled Euphoria Rally
South Korean shares fell after the KOSPI briefly exceeded 6,100, as Samsung Electronics' record profit failed to satisfy lofty expectations for its semiconductor division.
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…
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