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Korea's exports fell for the tenth consecutive month in July due mainly to weak demand for semiconductors, but the country reported a trade surplus for two straight months, the industry ministry said Tuesday.
Samsung Electronics recently reported a significant 95% decline in operating profits in the last quarter. This decline was attributed to an oversupply of memory chips, causing a sharp drop in prices despite production cuts. Despite the challenging situation, Samsung managed to surpass analysts earnings projections.
Texas Instruments: "(Order) cancellations remain at elevated levels... and we believe that customers are continuing to work down inventories to get that more in line with their demand," said Dave Pahl, TI's head of investor relations.
Micron reported its latest quarterly earnings and announced new investments in China and India.
Foreigners acquired a net $11.74 billion worth of regional shares in May, according to data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Philippines, Thailand, and Vietnam, the highest amount since November 2022