Samsung Electronics rises 3% ahead of Q3 guidance

Shares in Samsung Electronics Co Ltd rose more than 3% late on Wednesday ahead of its third-quarter earnings guidance due out on Friday, as investors took heart from firming memory chip prices.

Shares in Samsung Electronics Co Ltd rose more than 3% late on Wednesday ahead of its third-quarter earnings guidance due out on Friday, as investors took heart from firming memory chip prices.

Shares in Asia's biggest technology firm rose 3.04% to 1.424 million won ($1,300) as of 05:00 GMT. Rival chipmaker SK Hynix Inc jumped 4.4%.

($1 = 1073.7500 Korean won)