Browsing Tag: Samsung

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    Samsung Electronics shares jump on South Korean stock exchange

    October 16, 2017

     

    Samsung Electronics, the electronics component division of the South Korean company, posted a 4.5% rise in its shares following the opening of the trading session in Seoul on Tuesday (5).

    The increase in stocks is the biggest daily percentage gain the company has gained since October last year.

    The positive result is due to the high expectation from analysts, who foresee the increase in earnings in the third quarter of 2017, especially in the area of memory chips from Samsung.

    Another company that stood out in the South Korean stock market was SK Hynix (the second largest in the sector, losing only to Samsung), which saw a 4.3% increase in its shares, which represents the highest intraday percentage gain since August 14.