[Featured Stock] Samsung Electronics Hits New 52-Week Low Again
Samsung Electronics hit a 52-week low at the market opening.
At 9:18 a.m. on the 22nd, Samsung Electronics was trading at 58,400 KRW, down 1.02% (600 KRW) from the previous day. Immediately after the opening, Samsung Electronics fell to 58,300 KRW, setting a new low again.
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It is interpreted that the poor performance affected investor sentiment amid losing ground in the high-bandwidth memory (HBM) competition. Earlier, Samsung Electronics announced its third-quarter earnings, reporting sales of 79 trillion KRW and an operating profit of 9.1 trillion KRW. These figures were 2.35% and 15.51% below market expectations, respectively.
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