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South Korean shares fall sharply after Samsung Electronics earnings
SEOUL: Round-up of South Korean financial markets: South Korean shares erased early gains to fall sharply on Thursday, as Samsung Electronics slumped after announcing its third-quarter results. The benchmark KOSPI was down 131.04 points, or 2.18%, at 5,881.40 as of 0132 GMT, after rising more than 1% earlier in the session. Chipmaker Samsung Electronics erased early gains to fall 4.13%, after its third-quarter results, which showed net profit missing analyst expectations. Peer chipmaker SK Hynix was up 1.14%, also cutting gains. South Korea’s finance minister vowed to respond immediately if ma...
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