2 stories mentioning KRX:016360Updated 39m ago
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Samsung Securities (KRX:016360) launched a public offering of equity-linked securities (ELS) worth 440 billion won on Wednesday, according to a same-day filing with the Korean Exchange.Subscription for the offering will be active from June 18 to June 25, with the payment date being June 25, the filing said.Shares of Samsung Securities fell over 4% in recent trade.
Shares of Samsung Electronics (KRX:005930) surged nearly 12% in Wednesday morning trade to hit a market valuation of $1 trillion, supported by the strong demand for AI chips, Bloomberg News reported on the same day.The South Korean chipmaker became the second Asian firm after Taiwan Semiconductor Manufacturing (TPE:2330) to hit the $1 trillion mark, the report said.Overseas investors appear to be driving the recent rally in the stock, supported by a deal between Interactive Brokers and Samsung Securities (KRX:016360) that allows U.S. investors to directly buy South Korean stocks, it said.The firm's semiconductor wing had posted record profit in the first quarter, surpassing expectations by a wide margin on strong AI data center demand, with analysts expecting the momentum to continue in the quarters ahead as contract prices keep moving higher amid a scarce supply, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
