Samsung Electronics, 2quarter operating profit 89trillion 4000announced, but its stock plunged and a circuit breaker was triggered

Samsung Electronics 2reported provisional quarterly revenue of 171trillion won and operating profit of 89trillion 4000billion won, but its stock fell sharply instead. The trading restriction mechanism was activated as the intraday decline widened.

According to the company’s disclosure, 2quarter operating profit rose 1,810.26% year on year. It exceeded the market consensus (84trillion 5,994billion won).

In premarket trading, it was observed trading at 2.04% below the previous day’s close, at 31ten thousand 1,500won. Shortly after the market opened, it fell 5.35% to 30ten thousand 1,000won.

At one point during the session, 28ten thousand6,000won, with the maximum decline reaching 9.75%. The closing price was 6.92% lower than the previous trading day at 29ten thousand6,000won.

The KOSPI extended its intraday decline, falling to 10o'clock25minutes, down 4.74% from the previous day. Foreign investors continued their net selling in the stock market.7,668.47The stock market saw continued net selling by foreign investors.

Foreign investors net sold 1trillion1,773ten million won worth of shares in the stock market, selling for consecutive trading sessions. Institutions had net selling of 13ten million won, while retail investors made net purchases of 2,654trillion1ten million4,242won.

In the stock market, a sell-sidecar was triggered at around 10o'clock23minutes in the morning, and a circuit breaker operated for 13o'clock51minutes33seconds from the afternoon. This was the sixth circuit breaker of the year based on the KOSPI.20This was the sixth circuit breaker of the year based on the KOSPI.