Samsung Results Trigger Stock Rotation to Less Loved Sect…

Asian tech stocks experienced a decline as investors locked in profits following Samsung Electronics Co.'s quarterly results. Although Samsung's profit surged 19-fold due to growing AI demand, it only exceeded analyst expectations by 6%. This led to a share price drop of up to 10% in Seoul, negatively impacting other companies like SK Hynix and Kioxia Holdings. The MSCI gauge of Asian tech stocks fell by 2.9%, while sectors such as financials and communications saw gains.

Markets

FacebookXLinkedIn

EmailLink

Gift

FacebookXLinkedIn

EmailLink

GiftGift this article

Confidential tip?\ Send a tip to our reporters

Site feedback:\ Take our SurveyNew Window

FacebookXLinkedIn

EmailLink

Gift

By Winnie Hsu and Sangmi Cha

July 6, 2026 at 10:14 PM EDT

Updated on July 7, 2026 at 12:56 AM EDT

BookmarkSave

Asian tech stocks slumped, as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors less prone to earnings shocks.

Quarterly profit at the world’s largest memory chipmaker surged 19-fold on booming AI demand, but was just 6% above analyst estimates. Its shares slid as much as 10% in Seoul, dragging down peers including South Korea’s SK Hynix Inc. and Japan’s Kioxia Holdings Corp. An MSCI Inc. gauge of Asian technology stocks dropped as much as 2.9% while financial and communications shares rose.

Before it's here, it's on the Bloomberg Terminal\ \ Bloomberg Terminal LEARN MORE

Read Original at Bloomberg.com →

Samsung Results Trigger Stock Rotation to Less Loved Sectors