Kospi Index Falls, Led by Electronics Sector; Adidas Falls to Three-Year Low; Gitlab Lower on Earnings
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- The Kospi Index fell for the third day, dropping 12.1% in Seoul. The index dropped to the lowest closing level since Feb. 6.
- Adidas (ADS GY) shares tumbled to a three-year low after the sportswear maker’s earnings forecast disappointed investors hoping for bigger profits from the German brand.The company expects an operating profit of around $2.7 billion this year, it said Wednesday, well shy of analysts’ estimates.
- Gitlab (GTLB) shares drop after the software company’s forecast for 2027 adjusted EPS fell short of the average analyst estimate.
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