On the 11th, Samsung Electronics (70,400 KRW ▲ 900 1.29%) and SK Hynix (111,400 KRW ▲ 1,100 1%) are both showing strength. This is interpreted as being influenced by factors such as improvements in the semiconductor market and expectations of easing tensions between the US and China.
As of 9:23 AM today, Samsung Electronics is trading at 70,400 KRW, up 900 KRW (1.15%) from the previous trading day. SK Hynix is also trading at 1,118,000 KRW, up 1.36%.
The rise in semiconductor company stocks is attributed to the strong performance of the Philadelphia Semiconductor Index, which rose over 2% on the 10th (local time) in the US stock market.
Seo Jeong-hoon, a researcher at Samsung Securities, stated, "Janet Yellen, the US Treasury Secretary, evaluated her visit to China as productive," and said, "As a result, the semiconductor sector, which is sensitive to China-related policies, showed strength, particularly in equipment companies."
https://biz.chosun.com/stock/stock_general/2023/07/11/RGHPBK2G2FAZVIARKBDOUX7RZY/?utm_source=naver&utm_medium=original&utm_campaign=biz
