Samsung Electronics gains around 2% early in trading ahead of preliminary earnings [Stock NOW]

[Financial News] Samsung Electronics, which is set to announce preliminary earnings, was up more than 2% early in trading on the 7th.
According to the Korea Exchange, Samsung Electronics was trading at 278,000 won, up 2.21% from the previous trading day, on the KOSPI market as of 9:50 a.m. It opened at 269,500 won, down 0.92%, then recouped its losses after the market opened and turned higher.
At the same time, SK Hynix was trading at 1,768,000 won, down 0.23% from the previous session.
As a sharp rise in government bond yields in major economies that had weighed on global financial markets eased, New York stocks closed higher overnight, and the Philadelphia Semiconductor Index also rose 0.34%.
Samsung Electronics is set to announce preliminary earnings on the 8th. Analysts expect quarterly operating profit of at least 100 trillion won.
Meanwhile, with Samsung Electronics’ share buyback entering its final stages, attention is focused on whether foreign investors and institutions will return in the future.
[email protected] Joo Won-gyu Reporter