Samsung Profit Surges 1800% Yet Stock Drops 5% Amid KOSPI Slide
2026-07-07 08:17

Woofun AI data shows that Samsung Electronics reported a year-on-year operating profit increase of over 1800% for the second quarter, with revenue rising 129% to 171 trillion Korean won. Despite single-quarter profits exceeding the sum of the previous three years, the stock declined by 5%, leading the KOSPI index to fall 3% after opening. In the U.S., major indices closed flat or slightly up, with Nasdaq gaining 1.1%. MicroStrategy's Bitcoin sell-off announcement caused initial volatility before prices stabilized, while DELL rose 4.36% following Trump's endorsement. Chipmakers AVGO and ASML also posted gains of 3.73% and 3.12% respectively.

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