Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs
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Source: Zero Hedge
Published: 2026-07-07 22:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Iran, Technology & AI, Energy, Economy & Finance, Financial Markets, Labour & Workers, Trade & Sanctions, World News, Business & Economy, Asia Pacific, Technology
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Snippet:
Stocks fell as freash volatility hit chipmakers after blowout earnings from Samsung Electronics were still not good enough (the company missed some buyside estimates) and left investors wanting even more, and sent its stock tumbling as much as 11%, forcing another 20 minute halt of the Kospi. As of 8:00am ET, S&P futures were down 0.2% and Nasdaq futures fall 1%, with chip stocks sliding in premarket trading (both Micron and Sandisk dropped more than 5%), following a tech led
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