PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics Q3 prelim. oper profit surged 783% Y/Y but missed estimates
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PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics Q3 prelim. oper profit surged 783% Y/Y but missed estimates
US military has been ordered to be ready for possible Iran strikes as President Trump weighs the timing, while Pentagon instructed US CENTCOM several days ago to conclude preparations for resuming major combat operations in Iran, according to Axios
US Treasury Secretary Bessent says the economy is strong bt the Fed should have an open mind
On the Newsquawk feed at , 20 minutes before this page.
JAPAN
Japan Airlines (9201 JT) - Alaska Air Group (ALK) said it plans to triple its international routes to 15 destinations by 2030, with Asia a key focus and its partnership with Japan Airlines expected to support the expansion. (Nikkei)
Shoko Chukin Bank - Co. plans to connect Japanese small and midsize enterprises with US artificial intelligence startups, including portfolio companies of a Silicon Valley venture capital firm tied to the bank. (Nikkei)
Other News
The Tokyo Stock Exchange plans to remove nearly 700 companies and add 35 in the first major reshuffle of the TOPIX index, reducing the number of constituents by about 40% to 986 stocks. (Nikkei)
SOUTH KOREA
LG Energy Solution (373220 KS) - Co. Q3 (KRW) prelim. oper. profit 756.0bln (exp. 342.81bln, prev. 601.3bln Y/Y), rev. 9.64tln (exp. 8.94tln, prev. 5.70tln Y/Y), while Co. signed a binding four-year offtake agreement with Elevra Lithium for 240k dry metric tonnes of spodumene concentrate from a Canadian mine to support North American EV and ESS demand. (Newswires/PR Newswire)
Samsung Electronics (005930 KS) - Co. Q3 (KRW) prelim. oper. profit rose 783% Y/Y to 107.4tln (exp. 108.7tln), rev. rose 126.6% Y/Y to 195tln (exp. 199tln), while its HBM4E 12-layer product reportedly passed quality verification by NVIDIA (NVDA) and major hyperscaler clients at the end of September, although supply volumes, contract sizes and mass-production timing remain unconfirmed. (Newswires)
SK Hynix (000660 KS) - Co. selected Goldman Sachs and Morgan Stanley as lead underwriters for the planned US IPO of Solidigm, which is slated for next year. (Newswires)
Other News
Korea Exchange shelved plans to delist some small-cap stocks after a court upheld injunctions in favour of two companies facing delisting under tightened market-capitalisation rules. (Yonhap)
Context
Preliminary operating profit from Samsung Electronics is a known fixture: Korea's largest index weight releases a guidance-style number ahead of full results, and the market has historically treated it as the region's memory-cycle bellwether. The recurring pattern in these prints is that the year-on-year surge, however large, matters less than the print relative to consensus and the detail withheld until the full release, since the preliminary figures carry no divisional split; the gap between headline growth and a slight miss on both profit and revenue is the kind of ambiguity that has tended to leave the stock rangebound until the detailed disclosure. The more consequential thread is the reported qualification of the next-generation HBM product by NVIDIA and hyperscaler clients: in prior memory upcycles, vendor qualification has been the binding constraint on who captures the premium AI-linked pricing, and Samsung's past form has been to trail SK Hynix in high-bandwidth memory, so confirmation here would compress the perceived technology gap that has defined the pair trade between the two. Against that, volumes, contract size and mass-production timing remain unconfirmed, which is precisely where past HBM headlines have faded. The follow-ons are the full results with divisional detail, commentary on HBM4E production scheduling, and read-across to SK Hynix and the NVIDIA supply chain. LG Energy Solution's large beat and lithium offtake, plus the Solidigm IPO underwriting mandate, round out a tape heavy with AI-hardware adjacency, though the index reshuffle and delisting reversal are housekeeping rather than signal.
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