Dollar-won 1,530outlook around the won level·Samsung 2quarterly operating profit 89trillion 4hundred billion won announced
Dealers in the Seoul foreign exchange market 7the dollar-won exchange rate on the day was 1,530expected to trade around the won level. On the same day, Samsung Electronics disclosed that its 2quarterly preliminary operating profit was 89trillion 4hundred billion won, while foreign investors recorded net selling for 12consecutive trading days.
Foreign exchange dealers in the Seoul foreign exchange market 7forecast that the dollar-won exchange rate on the day would 1,530trade around the won level. The exchange rate level directly affects import and export prices and foreign capital flows.
Samsung Electronics 2reported that its quarterly preliminary operating profit was 89trillion 4hundred billion won and disclosed it on the day. The company also informed the market of its preliminary results on the same day.7The company also informed the market of its preliminary results on the same day.
The preliminary figures also showed an increase of 56% from the previous quarter and 1,810% from the same period a year earlier. The disclosure stated that the figures were preliminary.
Overnight, all major New York stock indexes 3closed higher. The Philadelphia Semiconductor Index 2.17rose.
In the domestic stock market, foreign investors recorded net selling for 12consecutive trading sessions through the previous day. Foreign investor flows also drew attention as a market factor that day.
Foreign exchange dealers cited foreign investors’ stock flows and global stock market trends as the main factors behind exchange-rate fluctuations. Intraday volatility responded sensitively to foreign investors’ trading and movements in overseas indexes.
Market participants are monitoring companies’ preliminary earnings disclosures along with developments in the foreign exchange market. The final figures in the relevant disclosures and trends in foreign investor flows could determine short-term market conditions going forward.
Sources: 연합인포맥스
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