Samsung down despite strong beat

Samsung's blockbuster earnings should have reassured investors. Instead, they triggered a 9% selloff that dragged the Kospi sharply lower and reignited concerns that expectations across the AI semiconductor space have become impossible to satisfy. A 19-fold jump in quarterly profit and an earnings beat were simply not enough once the market's whisper numbers had moved even higher. At the same time, oil markets are facing two opposing forces. Fresh attacks in the Strait of Hormuz are reviving geopolitical risk, while Saudi Arabia's deep price cuts for Asian buyers and abundant crude supply continue to weigh on prices. Which story wins will determine whether oil can sustainably recover or whether rallies continue to attract sellers. The session also brings a stronger US dollar, softer gold, renewed pressure on technology shares and growing attention to Japan, where rising yields and extreme speculative yen positioning keep the risk of another carry trade unwind firmly on investors' radar.

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Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.