Seoul stocks fall 3% after Samsung misses earnings expectations
Briefing by News4U · First published
KOSPI dropped 181.1 points to 5,831.34 after Samsung reported weaker-than-expected third-quarter earnings.
South Korean stocks traded 3 percent lower late Thursday morning, reversing earlier gains as Samsung Electronics delivered weaker-than-expected third-quarter earnings, Yonhap Business reported. [1]
The benchmark KOSPI lost 181.1 points, or 3.01 percent, to 5,831.34 as of 11:20 a.m. Samsung reported a record third-quarter operating profit of 107.44 trillion won, up 783.1 percent from a year earlier, while revenue surged 126.9 percent to 195.25 trillion won. [1]
Sources
- Seoul stocks down 3 pct late Thurs. morning after weaker-than-expected Samsung earnings
Yonhap Business · · Full text