Global Market Today: Asian stocks drop on inflation concerns, oil gains

The MSCI Asia Pacific equity index fell 0. 3 percent, with shares in Japan and South Korea dropping while mainland China markets returned from a holiday. Samsung Electronics shares moved up and down after the company announced a record profit but still missed analysts’ earnings estimates. The market reaction reflected uncertainty about the company’s future performance.

MSCI’s Asia Pacific index for equities slipped 0.3%, with shares in Japan and South Korea falling, while markets in mainland China return from a holiday. Shares of Samsung Electronics Co. fluctuated between gains and losses after the chip bellwether reported record profit but still missed estimates.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.