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Market Update

Samsung Earnings Record Fueled by Chips

Samsung third-quarter profit jumped 28%, to a 3-year high, as rising memory chip prices, chip-making contracts, and screen sales outpaced rising consumer electronics production costs. The world’s largest maker of memory chips and smartphones said operating profit rose to 15.8 trillion won (about $13.48 billion) in the July-September period, from …

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Market Drivers – Asian Session 28-10-2021

The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of next week’s policy-setting meeting by the Federal Reserve. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 …

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Growth slowdown and inflation would dominate ECB’s meeting

Investors and observers have expected the European Central Bank’s October meeting to be unexciting, but the current mixture of growth slowdown and higher inflation could cause it to be more action-packed than anticipated.Although big decisions on the future of the European Central Bank’s emergency stimulus package are unlikely to be …

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