x Abu Dhabi, UAEWednesday 26 July 2017

South Korean shares pause to wait for Samsung earnings report

Samsung, the biggest component in the KOSPI, is due to release its first-quarter earnings guidance early on Tuesday.

Samsung on Monday launched its new lineup of curved UHD TVs in Dubai. Satish Kumar / The National
Samsung on Monday launched its new lineup of curved UHD TVs in Dubai. Satish Kumar / The National

South Korean shares were little changed on Monday as investors awaited market heavyweight Samsung’s guidance on first-quarter earnings.

The Korea Composite Stock Price Index closed up 0.1 percent at 1,989.70 points.

Foreign investors extended their net buying streak to a ninth session, purchasing a net 159 billion Korean won worth of KOSPI shares.

Meanwhile, the local currency was quoted at 1,055.4 against the US dollar at the end of onshore trade, down 0.2 per cent from Friday’s closing level of 1,053.5.

Samsung, the biggest component in the KOSPI, is due to release its first-quarter earnings guidance early on Tuesday.