Samsung Shares Drop 4% as Oil Near $95 Boosts Market Panic
Samsung Electronics shares fell about 4% to 250,500 won as renewed U.S.-Iran strikes pushed Brent crude toward $95 and roiled Asian markets. Investors avoided technology stocks amid renewed inflation and rate fears, despite Samsung’s strong second-quarter performance with about 171 trillion won revenue and roughly 89.4 trillion won operating profit led by high-demand AI memory.