Caution over semiconductor concentration amid surges in Eugene Technology and Wonik IPS
4Japanese semiconductor equipment stocks moved sharply higher, sending Eugene Technology and Wonik IPS shares soaring. News continued to emerge of the chairman and CEO of Smec buying the company's shares on the market and an M&A deal involving an SK Siltron 1-tier partner, while Minister Koo Yun-cheol said he would respond immediately to excessive sector concentration and exchange-rate volatility.
4Domestic semiconductor equipment stocks rose sharply in the local stock market. Shares of Eugene Technology and Wonik IPS surged, while some stocks showed moves approaching their upper price limits. Investor attention concentrated on equipment and materials stocks.
Smec disclosed that its chairman and CEO had bought the company's shares on the market. The disclosure was 4made on the day. The company announced the purchase through the disclosure.
A semiconductor materials and equipment company known as an 1-tier partner of SK Siltron has been put up for M&A. Related discussions are under way in the industry. The exact terms of the company being sold have not been disclosed.
Meanwhile, an article pointing to the market’s concentration in semiconductors emerged. The article noted that sector concentration increases investment risks. Market participants are paying close attention to this point.
Minister Koo Yun-cheol said he would respond immediately to excessive concentration. He also called for vigilance over increased exchange-rate volatility. The remarks were made.4It was reported.
Trading value and volatility in related stocks increased that day. Buying interest concentrated in some stocks, and the spread between bid and ask prices widened. Investor disclosures and corporate announcements determined the market trend.