Market Report - Samsung Disappoints; Markets Dip

ZHANG:
Consumer electronics giant Samsung disappointed investors Friday. The company faces a tough chip and mobile phone market ahead.

The world's No.1 memory chip and LCD screen maker is valued at $85 billion, earning over $2.1 billion in the last three months--but below expectations.

Korean rival Hynix Semiconductor has already announced that it will suspend output at its U.S. plant and consider selling it.

Overall, Asian market optimism from earlier in the week faded on Friday, after U.S. housing and jobs data again renewed concerns about the global economy.

Financial institution jitters again weighed on regional confidence, with National Australia Bank shares plummeting after the company reported a near $800 million loss due to exposure to bad U.S. loans.
Even oil disappointed Asian markets, inching higher after falling to its lowest price per barrel in seven weeks.

Still, global inflation was at recent peaks, with core prices in Japan at a decade high in June, mainly on the back of soaring energy costs.

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[yahoovisitor]

Global inflation arises mainly by a man due to his excessive greed leading to misplanning, deficit financing ceasing his ability to follow the basic principles of controlling it. Its based on dogmatism & confiscation of the basic rights. When a man becomes inhumane acquiring the worst characters devil is after him to follow. When he tries to deprive the other members of the society from the rights they all deserve. Chaos & anarchy with suicide bombing & global destruction are visible end results