PiCK
Samsung, SK Hynix Jump to 210,000 Won and 1 Million Won on US-Iran Truce News
Summary
- Samsung Electronics and SK Hynix shares surged in early trading, reclaiming 210,000 won and 1 million won, respectively.
- SK Square, which holds about 20%% of SK Hynix, was also trading at 563,000 won, up 12.83%%.
- Investor sentiment improved sharply after Samsung Electronics reported record quarterly earnings and news emerged of a two-week truce between the US and Iran.
Forecast Trend Report by Period
Samsung Electronics Co. and SK Hynix Inc. surged in early trading on July 8, reclaiming the 210,000 won and 1 million won marks.
As of 9:10 a.m., Samsung Electronics was trading at 210,000 won, up 13,500 won, or 6.87%, from the previous session. SK Hynix climbed 84,000 won, or 9.17%, to 1 million won.
SK Square Co., which owns about 20% of SK Hynix, also jumped 12.83% to 563,000 won.
Investor sentiment improved sharply after Samsung Electronics posted record quarterly earnings a day earlier and reports said the US and Iran had agreed to a two-week truce.
The New York Times and Reuters reported that Iran’s Supreme National Security Council said in a statement on July 7 that the US had accepted all 10 points of Tehran’s proposed ceasefire terms.
Earlier, President Donald Trump wrote on Truth Social that he had agreed to suspend the bombing of and attacks on Iran for two weeks, on the condition that Iran agree to the full, immediate and safe reopening of the Strait of Hormuz.
Ko Jung-sam, Hankyung.com reporter, jsk@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
