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The market ignores Samsung's stunning earnings guidance, with Samsung Electronics opening 3% lower.
BlockBeats News, July 7th - According to Bitget market data, the South Korean KOSPI index opened on July 7th (Tuesday) with a decrease of 96.78 points, down 1.2%, at 7954.55 points. Samsung Electronics fell by 3%, while SK Hynix fell by 1%.
In previous news, Samsung released its Q2 earnings preview, with the company's operating profit increasing by over 1800% year-on-year, surpassing the sum of the past three years' profits in a single quarter. At the same time, the company's revenue also increased by 129% year-on-year, reaching 171 trillion Korean won.
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Samsung's operating profit hits a record high, yet the KOSPI retreats by 27%; what determines the index's short-term movement is the buyer structure.
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1h ago
24H Important News
2026-11-03
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