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Samsung Electronics Headquarters (Photo: Samsung Electronics) |
[Alpha Biz= Paul Lee] Samsung Electronics shares dropped more than 1.5% on August 6, distancing themselves further from the symbolic “70,000 won” level.
According to the Korea Exchange, Samsung Electronics closed at 68,800 won, down 1,100 won (1.57%) from the previous day.
The decline followed weaker-than-expected earnings from U.S. semiconductor company AMD, which dampened investor sentiment.
On August 5 (local time), AMD reported Q2 revenue of $7.685 billion, beating market expectations of $7.428 billion. However, its earnings per share (EPS) came in at $0.48, falling short of the consensus estimate of $0.49.
In addition, investor concerns were further heightened by former U.S. President Donald Trump’s remarks regarding upcoming tariffs. Trump stated on August 5 that tariffs on semiconductors could be announced as early as next week and mentioned the possibility of raising tariffs on pharmaceuticals by up to 250%.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
