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Samsung's Soaring Profit Fails to Impress, Yen Outlook | Bloomberg Daybreak: Asia Edition
Posted
July 7, 2026
Views
997
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July 7, 2026
997
13
1.30%
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16:35Now PlayingBusiness and finance news from the Asia-Pacific.
Asian equities dropped as technology shares came under renewed selling pressure due to investors rotating into other corners of the market. Chip bellwether Samsung Electronics Co. fell after its results. Samsung Electronics Co.'s quarterly profit surged 19-fold, but failed to impress investors accustomed to eye-catching growth from the suppliers of chips to the global AI boom. We speak to Bloomberg MLIV Strategist Mark Cranfield.
Plus - The yen should be as much as 20% stronger than it is — around 130 per dollar, a former top foreign exchange official in Japan said, pushing back against those speculating that the currency might continue its slide. Bloomberg TV host Shery Ahn spoke exclusively to Tatsuo Yamasaki, who served as vice finance minister for international affairs a little over a decade ago about his outlook on the Japanese currency.
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Bloomberg Daybreak Asia delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.
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