Samsung shares gained nearly 4% after drop in third quarter operating profit less-than-feared
South Korean stocks jumped about 2%, hitting a two-week high on a boost from chip giant Samsung Electronics.
Samsung is expecting a 78% drop in operating profit in the quarter ended September, according to guidance released by the company. The operating profit forecast was slightly higher than analyst expectations . Shares of the company jumped 3.77%. Counterpart SK Hynix rose about 3%. — Shreyashi Sanyal
Singapore Latest News, Singapore Headlines
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