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ASX rises; Afterpay, banks lead gains; Iron ore miners slip – The Australian Financial Review
The Australian sharemarket is higher on strength in banks, CSL and Afterpay. Big miners retreat despite iron ore topping $US171 a tonne overnight.
Samsung Electronics Co Ltd said on Friday that fourth-quarter operating profit likely rose 26 per cent, in line with analysts’ estimates, as pandemic-driven remote working fuelled sales of chips and display panels.
The South Korean tech giant said operating profit was likely 9 trillion won ($10.6 billion) in the quarter ended December, offsetting weaker smartphone sales and a strong won versus the dollar. That was in line with the 9.1 trillion won analyst forecast by Refinitiv SmartEstimate.
Samsung…
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