Samsung Results Trigger Stock Rotation to Less Loved Sectors

Asian tech stocks slumped, as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors less prone to earnings shocks. Asian tech stocks slumped, as investors used Samsung Electronics Co.’s results to lock in profits on a stellar year-to-date chip rally, rotating into unloved sectors less prone to earnings shocks.