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Announced Tue, 7 Jul · 06:29 IST

Global Market Today: Asian stocks slip, Samsung slides after results

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AI summary

Asian equities slipped with the MSCI Asia Pacific Index down 0.3%, led by technology stocks. Samsung shares fell over 5% despite reporting a 19-fold surge in quarterly profit to 89.4 trillion won, beating analyst estimates of 84.2 trillion won, driven by AI-linked memory chip demand. Crude oil traded below $69 a barrel amid oversupply concerns, while the yen held near 162 per dollar as hedge funds turned the most negative on the currency since 2007.