South Korea shares fall 2% as chipmakers fret over Samsung earnings
South Korea's KOSPI closed down 1.98% at 6,803.90, its lowest since Sept. 17, amid foreign selling and anxiety over bond yields. Samsung Electronics and SK Hynix both fell, with caution ahead of Samsung's earnings report weighing on sentiment.
KOSPI falls, foreigners net sellers Korean won weakens against dollar South Korea benchmark bond yield rises For the midday report, please click... SEOUL, Oct 7 (Reuters) — Round-up of South Korean financial markets: * South Korean shares fell nearly 2% on Wednesday, dragged down by losses in chipmakers on caution ahead of Samsung Electronics' earnings release. 90, its lowest since September 17. 82%.
* "Despite a record-setting rally in US stocks, the domestic market was weak on foreign selling on anxiety over high bond yields," said Huh Jae-hwan, an analyst at Eugene Investment Securities. * 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. * South Korean markets will be closed on Friday for a public holiday. 66%, respectively.
52%. * Of the total 917 traded issues, 333 shares advanced, while 527 declined. 94 billion). 8.
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