Samsung Electronics' Stock Price Is Strong on Foreigner's Purchase...mixed stock market

Samsung Electronics' fourth-quarter earnings fell below market expectations, but foreign buying has driven its stock price higher.

Shares of Samsung Electronics started more than 1% lower at the open on selling by foreigners and institutions, but are trading higher as foreigners turned to net buying.

The KOSPI and KOSDAQ indexes are mixed.

The KOSPI started with a 0.4% drop and has continued to rise and fall during the day, while the KOSDAQ index has continued to decline with a 0.6% drop.

In the Seoul foreign exchange market, the won-dollar exchange rate started at 1,455 won, up 1.5 won, and is moving around the mid 1,450 won range.