{"id":73788,"date":"2026-10-28T22:38:13","date_gmt":"2026-10-29T02:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/samsung-shares-slide-despite-record-profits-rbnz-signals-december-hike\/73788\/"},"modified":"2026-10-28T22:38:13","modified_gmt":"2026-10-29T02:38:13","slug":"samsung-shares-slide-despite-record-profits-rbnz-signals-december-hike","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/samsung-shares-slide-despite-record-profits-rbnz-signals-december-hike\/73788\/","title":{"rendered":"Samsung Shares Slide Despite Record Profits; RBNZ Signals December Hike"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>)<\/strong> saw its stock price extend declines to <strong>6.4%<\/strong> despite reporting a record-breaking quarterly operating profit of <strong>107.4 trillion won<\/strong>, as investors focused on disappointing shareholder return plans.<\/li>\n<li><strong>Reserve Bank of New Zealand (RBNZ)<\/strong> Governor Anna Breman stated there is a <strong>&quot;high&quot; chance<\/strong> of an interest rate hike in December, following a surprise decision to hold the cash rate at <strong>2.75%<\/strong>.<\/li>\n<li><strong>The Indonesian Rupiah (IDR)<\/strong> advanced to <strong>18,120 per US Dollar<\/strong>, showing resilience in emerging market currencies as regional trade dynamics shift.<\/li>\n<li><strong>South Korean military officials<\/strong> downplayed North Korea&#39;s deployment of artillery near the border, characterizing the use of <strong>aging weapon systems<\/strong> as a &quot;for show&quot; intimidation tactic rather than an imminent threat.<\/li>\n<\/ul>\n<h2>Samsung&#39;s Record Earnings Overshadowed by Market Skepticism<\/h2>\n<p>Shares of <strong>Samsung Electronics (<a href=\"\/stock\/005930\">005930<\/a>)<\/strong> faced significant selling pressure on Thursday, with the stock extending its decline to <strong>6.4%<\/strong>. This downward movement comes even as the tech giant posted a historic third-quarter operating profit of <strong>107.4 trillion won<\/strong>, marking the first time a Korean company has surpassed the 100 trillion won quarterly threshold.<\/p>\n<p>The market&#39;s negative reaction is largely attributed to a <strong>shareholder return program<\/strong> that fell short of aggressive analyst expectations. While the company announced plans to return between <strong>90 trillion and 110 trillion won<\/strong> to investors, many had priced in a more substantial buyback and cancellation strategy similar to its rival, <strong>SK Hynix<\/strong>.<\/p>\n<h2>RBNZ Governor Signals December Tightening<\/h2>\n<p><strong>RBNZ<\/strong> Governor Anna Breman has sharpened her hawkish guidance, telling reporters that the likelihood of a December interest rate hike is <strong>&quot;high.&quot;<\/strong> This clarification follows a shock decision on Wednesday where the central bank held the Official Cash Rate (OCR) steady at <strong>2.75%<\/strong>, contrary to market expectations of a 25-basis-point increase.<\/p>\n<p>The New Zealand dollar, which had tumbled following the initial hold, saw some stabilization as markets began pricing in a <strong>77% probability<\/strong> of a move in December. Breman emphasized that while the committee remains &quot;calm and focused,&quot; further tightening is likely necessary to ensure inflation returns to the <strong>2% target midpoint<\/strong>.<\/p>\n<h2>Geopolitical Tensions and Regional Currency Moves<\/h2>\n<p>In geopolitical developments, <strong>Seoul<\/strong> has dismissed <strong>Pyongyang&#39;s<\/strong> recent deployment of 122-mm artillery pieces near the Demilitarized Zone (DMZ) as a symbolic display. South Korean military officials noted that the systems are <strong>aging models<\/strong> positioned conspicuously for intimidation, rather than the advanced tactical strike weapons North Korea had previously threatened.<\/p>\n<p>Meanwhile, the <strong>Indonesian Rupiah<\/strong> showed strength, advancing to <strong>18,120 per US Dollar<\/strong>. The currency&#39;s performance reflects broader <em>volatility in Asian markets<\/em> as investors balance record corporate earnings in the tech sector against shifting central bank policies and regional security concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Samsung Electronics (005930) saw its stock price extend declines to 6.4% despite reporting a record-breaking quarterly operating profit 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