Financial Times FT.com

Samsung leads brighter tech sector

By Song Jung-a in Seoul, Robin Harding in Tokyo and Robin Kwong in Taipei

Published: July 7 2009 20:24 | Last updated: July 7 2009 20:24

A bullish profits forecast from South Korea’s Samsung Electronics this week has spurred hopes of a broader recovery in Asia’s technology sector.

While Samsung shares gained this week on news that second-quarter operating profit on a consolidated basis was expected to increase more than five-fold to Won2,200bn ($1.7bn) from the first quarter, many people are questioning whether the Korean group’s results are representative of the broader market.

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