Samsung Electronics 303,500and SK hynix fall together after Samsung hits a record high
Samsung Electronics 5 month 22 day, intraday at 303,500set a record high before edging down slightly in the session. SK hynix also fell on the same day, while securities firms forecast positive memory demand.
Samsung Electronics 5 month 22 day, intraday at 303,500posted a record high. It then edged down slightly during the session. The movement is seen as a correction following a sharp rise the previous day.
SK hynix also 5 month 22 fell on the day. The two stocks showed similar movements that day. The market saw some profit-taking after a sharp rise over a short period.
Securities firms gave a positive outlook for memory demand. They cited signs of a demand recovery and maintained their expectations for the sector. The views were issued in the form of reports.
Samsung Electronics is a company that produces memory and system semiconductors, smartphone components, and other products. SK hynix specializes in memory semiconductors. The two companies rank among the stocks with the largest market capitalizations on the Korean stock market.
The previous day's sharp rise and 22day's modest correction occurred during the same period. Record highs alongside declines point to increased short-term volatility. The day's trend emerged as attention was focused mainly on the semiconductor sector.
Market participants are watching the trend in memory demand and results for the next quarter. Quarterly results and demand indicators for related companies are cited as key factors in assessing the outlook. These are the main facts confirmed that day.
Sources: 매일경제 증권
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