By Anna SzymanskiWhat matters in U.S. and global markets todayBy Anna Szymanski, Editor-in-Charge, Reuters Open InterestU.S. chip stocks staged a comeback on Monday, but that momentum stalled heading into Tuesday as concerns about the durability of the AI chip frenzy weighed on shares in Asia trad…
By George GloverArtificial-intelligence stocks were taking a beating in premarket trading Tuesday, suggesting that Monday's rebound would end up being short-lived.Samsung Electronics set the tone for the broader market overnight. The South Korean memory-chip maker forecast a huge surge in profit, b…
By Chelsey DulaneyChip giant Samsung gave what was by all accounts a rosy update today, projecting a 19-fold surge in quarterly earnings.That wasn't enough to meet investors' lofty expectations. Samsung shares slid in South Korea, sending the benchmark Kospi index down nearly 5% and sparking a sell…
By Amanda CooperGlobal stocks fell on Tuesday as technology shares slid despite blockbuster results from Samsung Electronics, with investors remaining concerned about the sustainability of the AI-driven rally, while oil prices rose on renewed Middle East tensions.Samsung Electronics KRX:005930 fore…
Futures tied to the tech-heavy Nasdaq dropped on Tuesday on declines in chip stocks over concerns about the sustainability of the AI-driven rally despite strong results from Samsung, while SpaceX shares dipped ahead of their Nasdaq-100 debut.Elon Musk's SpaceX NASDAQ:SPCX was set to begin trading a…
By Tharuniyaa Lakshmi and Johann M CherianEuropean shares were flat on Tuesday as gains in consumer-related stocks offset a selloff in AI-linked technology stocks, while investors watched a NATO summit in Turkey for signs of higher defence spending.The pan-European STOXX 600 index TVC:SXXP was up 0…
By Jules RimmerSamsung earnings beat expectations but the stock fell 10% as investors 'sell on the news'Samsung reported a surge in earnings.Samsung Electronics shareholders proved a difficult audience to please.Despite announcing preliminary operating profits for the second quarter nineteen times…
Investors are likely slightly disappointed by Samsung Electronics' revenue forecast, according to Morningstar analyst Jing Jie Yu. He notes that Samsung's projected operating profit was in line with market expectations, but the revenue forecast of 171 trillion won was slightly below consensus estim…
By Dow Jones Newswires StaffU.S. tech futures fell in early European trade and global artificial intelligence-related stocks weakened as investors reacted to Samsung Electronics' earnings.Despite notching a 19-fold quarterly profit increase, shares in chip maker Samsung fell, dragging on stocks acr…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening flat to slightly lower on Tuesday as doubts linger over the sustainability of the AI boom.Shares of Samsung Electronics slumped nearly 10 percent today despite the world's largest memory chipmaker flagging a 19-fold jump in secon…
By Satoshi SugiyamaAsian stocks declined on Tuesday, with South Korea leading losses after Samsung Electronics' forecast triggered a reassessment of stretched valuations tied to the AI trade, while oil prices largely stabilised as investors refocused on supply and demand.Samsung Electronics KRX:005…
By Jihoon LeeSouth Korean shares fell 8% on Tuesday, led by chipmakers, as investors questioned whether record earnings tied to AI could hold up.The benchmark KOSPI KRX:KOSPI was down 646.85 points, or 8.03%, at 7,404.48, as of 0453 GMT. It triggered circuit breakers at 0451 GMT, halting trading fo…
By Sherry QinAsian stocks were mostly lower early Tuesday with South Korea again leading the losses, as the chip-led artificial-intelligence rally takes a breather.Seoul's benchmark stock index was dragged 5.9% lower by heavyweight chip-makers Samsung Electronics and SK Hynix, which tumbled 8.4% an…
Chicago Board of Trade soybean futures rose for a second session on Tuesday, as China's purchase of U.S soybeans supported sentiment.Corn rose on weather worries, while wheat declined on ongoing harvest and ample global stocks.FUNDAMENTALS* The most-active CBOT soybeans contract CBOT:ZS1! climbed 0…
U.S. memory chip stocks declined sharply overnight late Monday, tracking a drop in Samsung Electronics shares in Seoul after the South Korean chipmaker reported preliminary quarterly results.Samsung issued a stellar second-quarter outlook, but investors took profits after the stock’s recent surge…
By Junko FujitaJapan's Nikkei share average fell on Tuesday as semiconductor-related heavyweights declined after a drop in South Korea's Samsung Electronics weighed on regional technology stocks.The Nikkei TVC:NI225 was down 1.35% at 68,798.93, as of 0133 GMT.The broader Topix index TSE:TOPIX slipp…
By Satoshi SugiyamaAsian stocks drifted lower on Tuesday, even after South Korea's Samsung Electronics KRX:005930 forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation.Samsung Electronics, the world's la…
Round-up of South Korean financial markets:** South Korean shares dropped more than 5% on Tuesday, dragged by chipmakers, as investors worried about whether record earnings driven by AI demand would be sustainable.** The benchmark KOSPI KRX:KOSPI was down 455.23 points, or 5.65%, at 7,596.10 as of…
Asian equities dropped as technology shares came under renewed selling pressure, with Samsung Electronics Co. falling after its earnings report.The MSCI Asia Pacific Index slipped 0.6% with decliners slightly outnumbering gainers. Technology stocks led losses, with Samsung falling more than 6% even…
Samsung Electronics (005930): analysts warn large employee bonus provisions—tied to ~10.5% of semiconductor operating profit—could exceed ₩40 trillion and affect Q2 reported earnin
