Samsung Results Trigger Stock Rotation to Less Loved Sectors
Asian tech stocks slumped as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors with cheaper valuations less prone...
By Winnie Hsu, Sangmi Cha · Bloomberg Markets
Asian tech stocks slumped as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors with cheaper valuations less prone to earnings shocks.