Samsung Shares Soar on $7 Billion Buyback Amid Market Caution

1 min read
Source: Bloomberg
Samsung Shares Soar on $7 Billion Buyback Amid Market Caution
Photo: Bloomberg
TL;DR Summary

Asian shares rose as Samsung Electronics' surprise stock buyback boosted market sentiment, offsetting earlier concerns about reduced expectations for Federal Reserve policy easing. A key regional equities gauge increased by 0.3%, with gains in Hong Kong and mainland China, although Japanese benchmarks declined.

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