Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

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Seoul led losses on a mixed day in Asian stocks Tuesday as Samsung shares tumbled around seven percent despite the company reporting an expected more than 1,800 percent jump in second-quarter operating profit. The decline dragged the Kospi index down five percent, deepening a rout that has erased roughly 20 percent from its June record high. Analysts said the market is now priced for perfection, with investors focused on whether future quarters can exceed an earnings curve that has already been pulled almost vertically higher. Tokyo and Shanghai also fell, while Hong Kong, Singapore, Taipei, Manila, and Jakarta posted gains. Oil prices edged up after a projectile struck an oil tanker near the Strait of Hormuz.

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