Samsung Electronics will release its Q2 2026 preliminary earnings on July 7, with analysts forecasting revenue exceeding 170 trillion won and operating profit reaching 87-90 trillion won, following the company's record-breaking Q1 performance driven by the global memory semiconductor supercycle. SK Hynix's American Depositary Receipts (ADR) will begin trading on Nasdaq on July 10 local time, marking the company's entry into the US market as it seeks to expand production capacity for high-bandwidth memory (HBM) chips amid surging AI semiconductor demand. South Korea's foreign exchange market officially launched 24-hour trading on July 6 after completing a trial period that began June 29, part of the government's broader initiative to meet requirements for MSCI developed market index inclusion by addressing concerns over limited nighttime liquidity and offshore won settlement restrictions.
Samsung Electronics Forecasts Q2 Operating Profit Near 90 Trillion Won
Samsung Electronics will announce its Q2 consolidated preliminary earnings on July 7. The company achieved record-breaking results in Q1 with revenue of 133 trillion won (up 68.06% year-over-year) and operating profit of 57.2 trillion won (up 755.01% year-over-year). Securities firms predict Samsung Electronics achieved Q2 revenue exceeding 170 trillion won and operating profit between 87 trillion and 90 trillion won, driven by the global memory semiconductor supercycle.
SK Hynix ADR Lists on Nasdaq July 10
SK Hynix's ADR will be listed on Nasdaq on July 10 local time (July 11 in South Korea). The company submitted an amended registration form (Form F-1) to the SEC's electronic disclosure system on June 30. The amended filing includes details on the use of funds raised through ADS issuance, medium- to long-term domestic investment plans, and antitrust litigation risks. SK Hynix plans to use the raised capital for equipment procurement for next-generation processes, expansion of domestic production facilities, and investment in advanced packaging equipment. The total issuance is 17.79 million shares (approximately 45.5 trillion won in value), with an issuance price of 2.555 million won, though the final offering price, ADS issuance volume, and ADS-to-common stock conversion ratio have not been disclosed. The final offering price will be determined through consultation between SK Hynix and underwriters, reflecting the previous trading price and market conditions.
South Korea Launches 24-Hour Forex Trading After Trial Period
South Korea's foreign exchange market officially began 24-hour trading on July 6, following the conclusion of a trial period that ran from June 29. The 24-hour trading operates continuously from 6 AM Monday to 6 AM Saturday. This initiative is part of the government's foreign exchange market structural reforms aimed at securing inclusion in the MSCI developed market index. However, challenges remain, including restrictions on offshore won settlement and concerns about nighttime market liquidity. Analysts note that while expanding offshore won trading could facilitate MSCI inclusion, it may also increase foreign exchange market volatility, requiring careful policy design.
TSMC to Release June Revenue on July 10
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest foundry (contract chipmaker), will announce its June revenue on July 10. TSMC's June revenue report is expected to be a major topic in the global semiconductor market alongside Samsung Electronics' Q2 earnings.
US Economic Indicators Scheduled for Release
The Institute for Supply Management (ISM) will release its June Non-Manufacturing Index at 11 PM on July 6. The index, calculated from monthly surveys of approximately 400 companies across 20 industries, serves as a leading indicator of the US real economy and is closely watched by stock markets. A reading above 50 indicates economic expansion, while below 50 signals contraction. The US Department of Commerce will announce the May Trade Balance at 9:30 PM on July 7, showing the difference between exports and imports of goods and services. The Federal Open Market Committee (FOMC) will release minutes from its June 16-17 meeting at 3 AM on July 9, providing detailed insights into monetary policy discussions and potential clues about future interest rate decisions. The National Association of Realtors (NAR) will publish June Existing Home Sales data at 11 PM on July 9, a key indicator of the US housing market alongside new home sales data from the Department of Commerce.
FAQ
Q: What operating profit did analysts forecast for Samsung Electronics' Q2 2026 earnings?
A: Securities firms predict Samsung Electronics achieved Q2 operating profit between 87 trillion and 90 trillion won, with revenue exceeding 170 trillion won, following the company's record Q1 performance driven by the global memory semiconductor supercycle.
Q: When will SK Hynix's ADR begin trading on Nasdaq?
A: SK Hynix's American Depositary Receipts (ADR) will be listed on Nasdaq on July 10 local time (July 11 in South Korea), with the company planning to use raised capital for next-generation process equipment, domestic production facility expansion, and advanced packaging investments to meet AI semiconductor demand.
Q: What is the purpose of South Korea's 24-hour forex market launch?
A: South Korea officially launched 24-hour foreign exchange trading on July 6 as part of government efforts to address MSCI developed market index inclusion requirements by improving nighttime market liquidity and foreign exchange market infrastructure, though challenges remain regarding offshore won settlement restrictions and potential volatility increases.
