Operating profit at major Korean listed companies rose 12% quarter on quarter in Q3, but excluding semiconductors results worsened, according to a BNK Investment & Securities analysis. Samsung Electronics and SK hynix drove the gain, while autos, shipbuilding and defense underperformed.
Only 24% of KOSPI 200 companies beat expectations, with 44% missing estimates.
A strong won and weak exporter earnings point to softer Korean import demand for feed inputs. The story has no direct link to feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.