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Samsung Electronics Shares Soar 6.68% As Kospi Rallies For Third Straight Session On Chip Demand
['Mike Clair']
International Business Times Australia
Samsung Electronics closed at 255,000 won, up 16,000 won from the previous session, according to Korea JoongAng Daily.
The Kospi opened Wednesday 1.47% higher and continued adding to those gains as foreign and institutional investors poured money into major chipmakers throughout the session.
Trading volume for the session was moderate, at 355 million shares worth 26.21 trillion won, or roughly $18.49 billion, even as decliners outnumbered advancers 477 to 378 across the broader market.
Samsung's rally builds on an extraordinary run for the stock throughout 2026.
Recent forecasts have called for Samsung's third-quarter 2026 operating profit to reach 112 trillion won, an 817% year-over-year improvement, supported by an expected operating margin of 55%.