Samsung Electronics, the world's largest maker of smartphones, memory chips and flat screens, said Thursday that its third-quarter operating profit fell 60 percent from a year earlier.
South Korean shares ended in negative territory Tuesday as investors are awaiting the Federal Open Market Committee (FOMC)'s meeting that will decide on its asset-purchasing program.
SK Hynix, the world's second-largest memory chip maker, posted a record quarterly earnings in the third quarter due to solid demand for DRAM chips and improved profitability in the NAND flash memory chip business, a regulatory filing showed Thursday.
South Korean shares ended in negative territory on Tuesday due to lingering concerns over global economic slowdown.
South Korea's central government debts hit an all-time high in August as it increased fiscal expenditure to boost the sluggish economy, a government report showed Tuesday.
Samsung Electronics generated 26 percent of total South Korean corporate profits last year, boosting worries about the economy's excessive dependence on a single company.
Foreign investors turned into net sellers in the South Korean stock market for the first time in six months as the local currency depreciated to the U.S. dollar and caused concerns over foreign exchange losses, financial watchdog data showed Tuesday.
Samsung Electronics, the world's largest maker of chips, smartphones and flat screens, saw its operating profit drop 60 percent in the third quarter from a year earlier, regulatory filing showed Tuesday.
South Korean shares fell for seven straight sessions Monday as the sharp increase in the won/dollar exchange rate boosted worries about volatile foreign exchange market.
Samsung to invest 14.6 bln USD in new semiconductor plants
South Korea's currency dropped versus the U.S. dollar Monday to trade at the six month low as the dollar appreciated to major currencies after the release of positive U.S. jobs data.
South Korean shares started the first day of this week in negative territory Monday as investors reduced stock holdings on worries about third-quarter earnings especially for chemical companies.
South Korean shares posted the first rise this week on Wednesday as foreigners sold less local shares, but the rebound was limited on gloomy expectations for the third-quarter earnings result.
South Korean shares slid Monday on concerns that the U.S. central bank may signal its move toward policy rate increases at the September policy meeting this week.
South Korean shares ended slightly lower Wednesday as the Japanese yen's continued fall to the local currency fueled worries about price competitiveness of local export companies.
AMC's "Breaking Bad" won the Emmy Award for Outstanding Drama Series at the 66th Primetime Emmy Awards ceremony here on Monday night.
"Modern Family" won the Emmy Award for Outstanding Comedy Series for the fifth consecutive year on Monday night.
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