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Back[Featured stock] Samsung Electronics surges around 2% in early trading… SK Hynix 0.6%↓
[Featured stock] Samsung Electronics surges around 2% in early trading… SK Hynix 0.6%↓
BREAKING
연합뉴스1 hour agoBusiness2 min readSouth KoreaView original

[Featured stock] Samsung Electronics surges around 2% in early trading… SK Hynix 0.6%↓

Quick Look

  • Samsung Electronics and SK Hynix turned upward in early trading, showing changes of 2.21% and 0.62%, respectively.
  • Individuals net bought 568.2 billion won, driving up the stock price, while foreigners and institutions are net selling.
  • The strong global stock market and semiconductor supply and demand trends influenced stock prices.

AI-generated summary

Why It Matters

Samsung Electronics and SK Hynix fell 1.45% and 3.69%, respectively, the previous day, and while the global stock market is strong, semiconductor supply and demand trends and individual investor movements are affecting stock prices.

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(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] turned upward in the early trading on the 7th and is rising by more than 2%. SK Hynix [000660] is also quickly recovering its losses after a sharp start.

On this day, in the stock market, Samsung Electronics is trading at 278,000 won, up 2.21% from the previous price as of 9:21 am.

Samsung Electronics, which started at 269,500 won, down 0.92%, immediately recovered the loss and turned upward.

At the same time, SK Hynix is ​​selling at 1,762,000 won, down 0.62% from the previous price.

SK Hynix fell to 1,725,000 won (-2.71%) immediately after opening, but the decline is also rapidly narrowing.

The New York stock market closed strong last night as the surge in major country government bond interest rates that was weighing down the global financial market subsided, and the Philadelphia Semiconductor Index also rose 0.34%.

However, while supply and demand were concentrated on large artificial intelligence (AI) semiconductor stocks, memory semiconductors and storage such as Micron (-1.73%) and SanDisk (-2.56%) were sluggish overall.

SK Hynix's American Depository Receipt (ADR) plunged 6.39% as concerns about third quarter performance due to the strong won and the burden of large performance bonus provisions were highlighted.

However, even though the global stock market continued to be strong during the National Foundation Day holiday, Samsung Electronics fell 1.45% and SK Hynix fell 3.69% the previous day, resulting in an influx of backlash buying, which appears to be pushing up the stock price strongly.

As of this time, individuals alone are net buying 568.2 billion won in the stock market. Foreigners and institutions are net selling 481 billion won and 136.1 billion won.

In KOSPI Electric & Electronics, which includes Samsung Electronics and SK Hynix, individuals have a buying advantage of 428.8 billion won, while foreigners and institutions have a selling advantage of 365.6 billion won and 109.1 billion won.

Other corporations, which have recently emerged as major suppliers due to the share purchases of Samsung Electronics and SK Hynix, are making net purchases of 44.5 billion won in KOSPI Electric & Electronics.

What to Watch

AI outlook — possibilities, not facts

  • Samsung Electronics stock price likely to rise further in the short term

    Possible · Within days

  • SK Hynix stock price may fluctuate from current level

    Possible · Within weeks

Open Questions

  • When will the semiconductor supply and demand imbalance be resolved?
  • What are the factors that can sustain the buying trend of individual investors?
  • What is the long-term impact of global interest rate changes on semiconductor stock prices?

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This article was originally published by 연합뉴스.

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