WIG20 closed the session up 0.42%, while mWIG40 gained 0.34%. The third tier of companies performed weaker again – sWIG80 recorded a cosmetic decline of 0.16%. Among Polish blue chips this time the apparel sector stood out positively.
Modivo shares rose 4.59% on Monday’s session, and LPP 1.99%. It is worth noting that in the first half of the year both companies significantly deviated from the rest of the market and still record a clear loss year‑to‑date (YTD).
Nasdaq gained 1.12%,
Meanwhile Americans, after a long weekend, returned to the market in noticeably good spirits. The S&P 500 finished yesterday’s Wall Street session up 0.72%, while Nasdaq gained 1.12%.
It seems that the theory pointing to the first half of July as a favorable period for bulls is becoming a self‑fulfilling prophecy. As for the rest of the month, we already have many doubts – it is very difficult to assess which direction the narrative will take in the upcoming earnings season.
The latest case of Mety, which decided to make its computing power available externally, shows that we are in an interesting position. Every non‑standard business decision by hyperscalers is analyzed in many ways to see whether we might be facing a slowdown in data‑center construction spending.
Samsung shares fell even by over 10%! KOSPI loses as much as 7%
At the time of writing the comment in Asia, the red color dominates again – the Korean KOSPI loses as much as 7%, and the Japanese Nikkei over 2%.
The Indian Sensex performs relatively well in this context, symbolically gaining 0.3%. Samsung presented preliminary Q2 results, achieving a profit of USD 58 bn, which means a 19‑fold increase compared to the same quarter last year.
Samsung’s record profit did not satisfy investors’ appetite, for whom the consensus “just” surpassed by 6% proved clearly insufficient. Samsung shares sometimes fell during the Asian session by over 10%.
The situation on the Korean market has become increasingly concerning – sessions where KOSPI changes exceed 5% are becoming the norm. For individual investors who, on the wave of euphoria from the first half of the year, massively bought leveraged ETFs on Samsung or SK Hynix, the current situation is likely becoming more problematic. Each additional day of “turbulence” on the Korean stock market increases the risk of a wave of mass outflows.
