KOSPI 7,000breaks the line as Samsung and SK hynix plunge intraday
13The KOSPI fell below the 7,000line for the first time in about two months, and Samsung Electronics and SK hynix plunged sharply during the session. SK hynix at one point in the afternoon posted a drop in the 12~13percent range, and foreign brokers are viewing it as short-term profit taking and a revaluation of valuations.
13The KOSPI fell below the 7,000line for the first time in about two months, and the leading stocks Samsung Electronics and SK hynix plunged intraday. The increased volatility in the index is drawing investors' attention.
13In the afternoon of the 2th, at 3:12.43 p.m., SK hynix was trading at 271,000won, down 13percent from the previous trading day. At one point during the session, it also fell by more than the same percentage.
At the same time, Samsung Electronics was down 8.42percent from the previous trading day, at 261,000won. The two stocks quickly widened their losses during the session.
In the market, the reasons cited for SK Hynix’s sharp drop included the earlier reflection of expectations for an ADR listing, 2concerns about quarterly results, and a resurgence of geopolitical tensions.
Foreign financial firms and global investment institutions appear to view this correction not as a long-term concern about the AI memory industry, but as a process of short-term profit-taking and valuation re-rating.
As another point of observation, some have noted that Asian semiconductor companies such as SK Hynix, Samsung Electronics, and Taiwan’s TSMC now account for a larger share in emerging market indices, identifying this as a new risk factor.
Sources: 연합인포맥스
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