Samsung Electronics recorded its lowest level of performance in 14 years in the second quarter, causing its stock price to drop below 70,000 won.
As of 10:46 a.m. on the 7th, Samsung Electronics is trading at 69,900 won, down 1,700 won (2.37%) from the previous trading day. This is the first time Samsung Electronics has fallen below the 70,000 won mark since May 26th.
The stock price declined as soon as the market opened due to foreign selling pressure. Nomura Securities sold 994,462 shares, followed by Citi Securities (298,220 shares), Macquarie (9,168,369 shares), Morgan Stanley (41,090 shares), and JP Morgan (38,370 shares).
Samsung Electronics' second-quarter performance is attributed to a significant decline compared to the same period last year. Samsung Electronics announced through a provisional earnings report that its operating profit for the second quarter, on a consolidated basis, decreased by 95.74% compared to the same period last year, reaching 600 billion won. This is the lowest figure in 14 years since the first quarter of 2009 (590 billion won) during the global financial crisis.
The decline in the semiconductor index in the New York stock market last night also had an impact. On the 6th (local time), the Philadelphia Semiconductor Index dropped by 1.24%. Share prices of major semiconductor companies, including NVIDIA (-0.51%), Intel (-1.66%), and Micron (-1.34%), which are the biggest beneficiaries of artificial intelligence (AI), also declined.
https://n.news.naver.com/mnews/article/021/0002581487?sid=101
