By Dow Jones Newswires StaffGlobal stocks rose and the dollar weakened as a risk-on turn prompted by Thursday's cool jobs data continued to ripple through markets.The U.S. economy added fewer jobs than investors had anticipated in June, prompting a strengthening in U.S. Treasurys and a weaker green…
Shares of European semiconductor companies are following their Asian peers in green territory, a day after investors shunned stocks linked to artificial intelligence. Chip stocks began their slide Wednesday after Federal Reserve Chairman Kevin Warsh said that anyone expecting the Fed would tolerate…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, which together make up more than half of market capitalization for South Korea's Kospi, rebounded Friday, helping to lift the benchmark above 8000 again.The Kospi rose 5.8% to close at 8088.34, snapping a two-session losing streak. Instituti…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, which together make up more than half of market capitalization for South Korea's Kospi, rebounded Friday, helping to lift the benchmark above 8000 again.The Kospi rose 5.8% to close at 8088.34, snapping a two-session losing streak. Instituti…
Round-up of South Korean financial markets:** South Korean shares closed higher on Friday, but logged a second weekly loss as a sharp selloff in technology companies earlier in the week weighed on Samsung Electronics and SK Hynix on concerns the AI-driven rally may be losing steam.** The won streng…
South Korean conglomerates SK Group, Hyundai Motor Group KRX:005380 and Hanwha KRX:000880 on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country's southeast.The business groups announced the decisions at an event annou…
Round-up of South Korean financial markets:** South Korean shares rose on Friday but were set to log a second weekly loss after heavy losses in global technology companies earlier in the week pulled Samsung Electronics and SK Hynix lower amid concerns that the AI-driven rally might have peaked.** T…
Citi analyst Peter Lee said Samsung Electronics' recent share-price pullback may reflect a technical correction, despite market concerns about an oversupply of AI computing capacity. Lee forecast that strong demand for AI central processing units (CPUs) will lift server DRAM prices above expectatio…
Samsung Electronics' recent share price pullback may reflect a technical correction despite market concerns about excess artificial-intelligence computing capacity, Citigroup's Peter Lee says. The analyst expects the South Korean tech giant's 2Q operating profit to reach 84 trillion won, supported…
Samsung Electronics (SSNLF) detailed a 140 trillion won, or $90 billion, investment plan for South Korea's Chungcheong region, targeting chips, displays, batteries and advanced components.Samsung Electronics will invest 56 trillion won in HBM fabrication and packaging facilities, strengthening its…
AI and memory-related stocks traded lower Thursday after a sharp selloff in Asian semiconductor shares rattled investors.South Korea's Kospi Index dropped nearly 8%, weighed heavily by steep declines in memory giants SK Hynix (HXSCL) and Samsung Electronics (SSNLF). SK Hynix plunged almost 15%, whi…
Samsung Electronics Co Ltd KRX:005930:
By Alun John and Stella QiuStocks and government bond prices rose on Thursday and the dollar dropped after data showed U.S. job growth slowed more than expected in June and numbers for the prior month were revised lower.Nonfarm payrolls increased by 57,000 jobs last month, after a downwardly revise…
The manufacturing facilities, located in the central Chungcheong provinces, will produce display panels, batteries, chips and chip materials.Nearly half of the spend will go to Samsung Display, with KRW67trn for the production of display panels for the comapny's phones, tablets, in-car infotainment…
By Alun John and Stella QiuThe dollar eased on Thursday ahead of U.S. jobs data that could either support or challenge market expectations of a Fed interest rate hike this year, while oil prices slid again and chipmaker stocks struggled after a stellar quarter.Money market pricing currently indicat…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, the world's two largest memory-chip makers that together account for more than half of South Korea's Kospi, slumped on Thursday, dragging the benchmark index sharply lower and prompting regulators to halt trading to calm the market.The Kospi…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, the world's two largest memory-chip makers that together account for more than half of South Korea's Kospi, slumped on Thursday, dragging the benchmark index sharply lower and prompting regulators to halt trading to calm the market.The Kospi…
By Alun John and Stella QiuThe dollar eased on Thursday ahead of U.S. jobs data that could either support or challenge market expectations of a Fed interest rate hike this year, while oil slid again and chipmaker stocks struggled after a stellar quarter.Money market pricing currently indicates expe…
“Highly leveraged Asian AI investors are getting anxious; Korea is cracking, the yen is whispering intervention, oil is losing its war premium, and payrolls are the last real hurdle before the holiday tape takes over,” said Patrick Munnelly, market strategy partner at TickMill.“The market is not ab…
By Sherry QinAsian stocks ended mostly lower, with South Korea, one of the region's biggest beneficiaries of the global artificial-intelligence boom, leading losses on concerns over the sustainability of spending in AI infrastructure.After triggering two circuit breakers last week, South Korea's Ko…
