Seoul shares down 1.24% as Samsung disappoints on shareholder returns

South Korean shares dropped 1.24 percent Thursday following Samsung Electronics' third-quarter earnings that slightly missed expectations and disappointed investors by providing no updates on its shareholder-return plan. The Korean won gained ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 74.78 points to close at 5,937.66, after rising as high as 6,100.11 On Wednesday, the KOSPI surged by more than 6 percent, led by a rally in chipmakers after SK hynix reporte

Source: The Korea Herald