Kospi Slips 0.9% After 5.5% Rebound Fades Despite Samsung Earnings
Updated
Updated · Bloomberg · Jul 30
Kospi Slips 0.9% After 5.5% Rebound Fades Despite Samsung Earnings
3 articles · Updated · Bloomberg · Jul 30
Summary
South Korea’s Kospi fell 0.9% after swinging from an intraday gain of as much as 5.5%, extending volatility after a two-day rout.
Samsung Electronics rose 0.5% after its semiconductor unit reported June-quarter net income surged more than 250-fold, but the earnings beat failed to steady the broader market.
SK Hynix dropped 5.1%, adding pressure after the chipmaker had already lost nearly a quarter of its market value over the previous two sessions.
Government measures to stabilize the market, including ETF curbs, also failed to restore confidence, underscoring how fragile sentiment remains despite policy support and strong Samsung results.