Asian markets trade lower as technology stocks remain under pressure, with Samsung Electronics declining after reporting results. The MSCI Asia Pacific Index is down about 0.3%, with slightly more companies falling than rising. In South Korea, the Kospi Index falls roughly 3.5%. Samsung shares drop by more than 5% following its quarterly earnings release, even as the company’s profit reportedly rises sharply year over year. In semiconductor-related activity, SK Hynix shares decline around 1% after the company begins the formal marketing process for a potential U.S. listing. Broader regional losses are led by declines in technology, which weigh on investor sentiment across several markets covered by the indices. Overall, trading remains cautious as investors digest corporate earnings and deal-related developments affecting major technology firms.
Asian stocks fall as technology shares, including Samsung, slide after earnings
Asian markets trade lower as technology stocks remain under pressure, with Samsung Electronics declining after reporting results. The MSCI Asia Pacific Index is down about 0.3%, with slightly more com...
- The MSCI Asia Pacific Index is down about 0.3% as Asian stocks trade lower.
- Technology shares are the main drag on regional equities.
- Samsung Electronics shares fall by more than 5% after its earnings results.
- The Kospi Index declines about 3.5%.
- SK Hynix shares drop around 1% after it starts the formal marketing process for a U.S. listing.
The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix Inc. shares dropped 1% after kicking off the formal marketing process for its US listing.
1 month agoAsian equities edged lower as technology shares remained under pressure, with Samsung Electronics Co. declining after its earnings report.
1 month ago
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