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Samsung Electronics takes a big dive! Korean stocks plunged. What happened?

2026-07-07·newswire-us-stock-231505
Samsung Electronics takes a big dive! Korean stocks plunged. What happened?

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#Stocks #Microsoft #Amazon #Semiconductors #Earnings

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Samsung Electronics takes a big dive! Korean stocks plunged. What happened?

[Samsung Electronics takes a big dive! Korean stocks plunged. What happened? 】On the morning of July 7, the share price of South Korean chip giant Samsung Electronics plunged sharply, plummeting more than 6% at one time, dragging South Korea's KOSPI index down more than 4% at one time. On the news, Samsung Electronics' preliminary performance report shows that revenue in the second quarter of 2026 is expected to be 171 trillion won, slightly exceeding market expectations; operating profit is expected to be 89.4 trillion won, a significant increase of 1810% year-on-year, higher than market expectations. Michael Wilson, chief equity strategist at Morgan Stanley, pointed out in the latest report that the momentum of the semiconductor sector has been exhausted recently, and the Philadelphia Semiconductor Index has fallen by nearly 12% from its high point. Funds are turning to AI.

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QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

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QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

QUERY LENGTH LIMIT EXCEEDED. MAX ALLOWED QUERY : 500 CHARS

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