{
  "id": 17020602,
  "title": "Seoul shares down 1.24 pct on weaker-than-expected Samsung earnings",
  "url": "https://urgent.news/2026/10/29/seoul-shares-down-1-24-pct-on-weaker-than-expected-samsung-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T06:33:56.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261029009400320"
  },
  "original_language": "en",
  "account": "South Korean stocks experienced a decline of 1.24 percent on Thursday, after Samsung Electronics reported weaker-than-expected third-quarter earnings. The Korean won appreciated against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 74.78 points to close at 5,937.66, having previously risen to a high of 6,100.11. The index started the day slightly higher, mirroring overnight gains on Wall Street following the Federal Reserve's decision to maintain its benchmark interest rate at 3.75-4 percent. However, the market turned bearish shortly before 10 a.m., in response to the release of Samsung's earnings, which fell short of analysts' expectations. Samsung, the world's largest memory chipmaker, announced a record third-quarter operating profit of 107.44 trillion won (US$80.3 billion), marking a 783.1 percent increase from the previous year. Revenue also surged 126.9 percent to 195.25 trillion won, driven by strong demand for artificial intelligence (AI)-focused chips.",
  "summary": "SEOUL, Oct. 29 (Yonhap) -- South Korean shares dropped 1.24 percent Thursday, re...",
  "key_points": [
    "Seoul shares down 1.24% after Samsung earnings miss expectations",
    "Korean won appreciates against U.S. dollar",
    "KOSPI index falls 74.78 points to 5,937.66"
  ],
  "editors_take": "Samsung's failure to meet analyst expectations despite record profits demonstrates that even massive growth in AI chip demand cannot fully insulate the South Korean market from investor disappointment.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}