Samsung stock wild; AI chip buzz, labor dispute, and big Galaxy launches keep SEC in the headlines. Seoul-based, 1969-founded tech giant.
Samsung has begun preorders for the Galaxy S26 Ultra, priced at $1,299, with promotions including a $200 Amazon gift card and trade-in offers. The new model features minor design tweaks, upgraded internals, and a new Privacy Display feature. The lineup arrives March 11, amid a broader focus on AI integration.
Asian stock markets fell sharply on March 9, driven by fears of energy supply disruptions due to escalating conflict in the Middle East. Major indices in South Korea, Japan, and Taiwan experienced significant declines, with energy prices surging and investor sentiment weakening amid geopolitical tensions.
South Korea's stock market, the Kospi, plunged over 12% on March 5, its largest single-day drop, driven by fears over Middle East conflict and energy prices. Tech giants Samsung and SK Hynix led the decline, wiping out billions in market value amid global uncertainty.
South Korea’s Kospi has surged past 7,000 as AI-driven demand for memory semiconductors lifts the market. Goldman Sachs has raised its 12‑month target to 9,000, citing durable earnings in memory chips and rising valuations.
Whirlpool has issued a downbeat earnings outlook after reporting weaker-than-expected quarterly results, citing inflation, tariffs, and geopolitical turmoil. The company has cut its guidance and signaled price increases to offset costs, as consumer demand for large home appliances declines amid weak housing activity and low confidence.
Dua Lipa has filed a lawsuit against Samsung in California, alleging copyright, trademark and right-of-publicity infringements linked to packaging that features her backstage photo. The suit seeks at least $15 million in damages and a permanent injunction.
Samsung Electronics has reached a critical juncture as a union move to scrap a 50% bonus cap and push for 15% of operating profit to bonuses faces a government-backed mediation deadlock. About 45,000-74,000 workers are set to walk out for 18 days, pressuring export-reliant economy and AI chip supply chains amid ongoing talks.