SK Hynix closed down 1.7% after failing to rebound... Down for 6 consecutive trading days (comprehensive)

(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = SK Hynix [000660] fell nearly 2% on the 14th and ended regular trading with a decline for 6 consecutive trading days.

In the stock market on this day, SK Hynix closed at 1,419,000 won, down 1.66% from the previous day.

SK Hynix, which started at 1,458,000 won, up 1.04%, soared to 1,497,000 won (+3.74%) in the early hours of trading, but soon continued to give back the increase.

SK Hynix, which turned downward in the afternoon, quickly expanded its decline and fell to 1,402,000 won (-2.84%) just before the market closed.

SK Hynix's stock price, which was in the mid-1.8 million won range, suddenly fell to the low 1.4 million won range as it fell for six consecutive trading days from the 6th to this day. The decline during this period was calculated to be 22.92%.

Samsung Electronics [005930] closed at 232,000 won, the same as the previous closing price.

Samsung Electronics' stock price soared to 241,500 won (+4.09%) immediately after opening, but reversed the increase and turned downward, falling to 230,000 won (-0.86%) at one point in the afternoon. However, a sharp influx of buying power occurred ahead of the close of the market, making up for the decline.

Since SK Hynix and Samsung Electronics plunged 10.09% and 7.39%, respectively, the previous day, they showed strong performance in the early trading hours of the day due to an influx of counter-buys due to the perception that the decline was excessive.

However, as foreign selling continued, targeting large domestic semiconductor stocks, especially SK Hynix, it does not appear to have led to a rebound.

Media reports, such as that SK Hynix's U.S. subsidiary Solidigm is in earnest preparing for listing on the NASDAQ by recruiting key personnel related to finance and accounting, are also believed to have had some influence on investor sentiment.

On this day, foreigners and individuals made net sales of 1.1814 trillion won and 314.3 billion won in the stock market. Institutions made net purchases of 808.5 billion won.

In the KOSPI electrical and electronics industry, which includes Samsung Electronics and SK Hynix, foreigners and individuals recorded a selling advantage of KRW 1.0833 trillion and KRW 118 billion, while institutions had a buying advantage of KRW 537.1 billion.

While Samsung Electronics' stock repurchase for the purpose of stock compensation for executives and employees has ended, and SK Hynix's stock repurchase cancellation is also nearing its end, other corporations have made a net purchase of 661.8 billion won in KOSPI Electric & Electronics.

SK Hynix and Samsung Electronics ranked first and second among foreign net sellers on this day.

Foreigners sold net 734.5 billion won in SK Hynix and 178.3 billion won in Samsung Electronics.

Meanwhile, the New York stock market's three major stock indices (Dow -0.35%, S&P 500 -0.02%, NASDAQ -0.15%) fell simultaneously, but showed signs of narrowing the decline in the second half of the session.

This is the result of John Williams, President of the Federal Reserve Bank of New York, saying that one additional interest rate increase this year may be appropriate, but that no further increase next year is necessary, which has increased downward pressure on U.S. Treasury yields.

In the semiconductor industry, memory and storage companies such as Micron (3.62%), SK Hynix American Stock Depository (ADR·-3.19%), and Western Digital (-1.61%) fell, but artificial intelligence (AI) semiconductors such as NVIDIA (+0.97%) rose, while the Philadelphia Semiconductor Index fell slightly (0.23%).