South Korea shares fall ahead of Samsung Electronics earnings
South Korean shares declined on Wednesday, with the KOSPI down 0.62% as investors adopted a cautious stance ahead of Samsung Electronics' earnings report, which is expected to show a significant jump in profit due to AI demand. Foreigners were net sellers of shares.
KOSPI falls, foreigners net sellers Korean won strengthens against dollar South Korea benchmark bond yield rises SEOUL, Oct 7 (Reuters) — Round-up of South Korean financial markets: * South Korean shares fell on Wednesday, as investors took a wait-and-see stance ahead of Samsung Electronics' earnings release to assess the outlook for AI demand. 19 as of 0138 GMT. 52%. * Samsung Electronics is expected to report on Thursday a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August.
* "The upside for the domestic market will be capped by wait-and-see sentiment ahead of Samsung Electronics' earnings and caution ahead of a holiday later this week," said Han Ji-young, an analyst at Kiwoom Securities. * South Korean markets will be closed on Friday for a public holiday. 95%, respectively. 91%.
* Of the total 911 traded issues, 415 shares advanced, while 438 declined. 93 million). 8. 62.
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