Movement Alert|CSOP Samsung Electronics Daily (2x) Leveraged Product Falls 5.02% in Regular Trading, Samsung Q3 Results Miss Estimates

Market Focus10-08

On October 8, CSOP Samsung Electronics Daily (2x) Leveraged Product fell 5.02% in regular trading, trading at 74.18 HKD with turnover of 347 million HKD. The drop came after Samsung Electronics released preliminary third-quarter results that fell short of market expectations.

Samsung Electronics reported estimated third-quarter operating profit of 107.40 trillion won, up 783% year-over-year but below the analyst consensus of 108.67 trillion won. Estimated sales came in at 195 trillion won, up 127% year-over-year but below the expected 201.9 trillion won. The weaker-than-expected results weighed on leveraged semiconductor ETFs across the region. Samsung Electronics is scheduled to release full detailed results and host an earnings call on October 29.

The product's investment objective is to provide investment results that closely correspond to twice the daily performance of Samsung Electronics Co Ltd ordinary shares, before fees and expenses. The product does not seek to achieve its stated investment objective over a period longer than one day.

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