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Samsung Plunges, Mitsubishi Rises, Tencent Gains
Published 3 months, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Samsung's quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth numbers from the suppliers of chips to the global AI boom. Shares in Samsung fell as much as 10.6%
- Japanese banks provided the biggest support to the Nikkei 225 stock average, though they pared earlier gains after Japan’s 30-year government bond auction drew strong demand, sending yields lower. Mitsubishi UFJ Financial Group shares rose as much as 4.4%.
- Chinese Internet names rally as their models continue to improve and benefit from tech rotation. Shares in Tencent rose as much as 6%.
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