'100,000-won Samsung·500,000 Hynix' in sight… KOSPI also on the brink of the 3,800 level
Summary
- Samsung Electronics and SK Hynix were reported to have approached '100,000-won Samsung' and '500,000 Hynix', respectively, recording new highs.
- It reported that, powered by the strength of large-cap stocks, the KOSPI index also rose intraday to 3,794.87, coming close to the 3,800 level.
- It reported that investor sentiment toward artificial intelligence (AI) and TSMC's strong earnings acted positively on the market.
Samsung Electronics and SK Hynix are rising with unstoppable momentum. Despite early-session weakness, they have come close to '100,000-won Samsung' and '500,000 Hynix'. Thanks to the rise in large-cap stocks, the KOSPI has also come very close to the 3,800 level.
As of 10:48 a.m. on the 17th, Samsung Electronics was trading at 98,900 won, up 1,200 won(1.23%) from the previous day, and SK Hynix was trading at 472,500 won, up 20,000 won(4.42%).
During the session, Samsung Electronics rose to 99,100 won, and SK Hynix rose to 475,000 won, setting new highs.
They were weak in early trading but turned to gains buoyed by strong investor sentiment toward the artificial intelligence (AI) theme.
Overnight in New York, the AI theme also showed strength. Bolstered by TSMC's strong earnings, the Philadelphia Semiconductor Index rose 0.49%. Although the Nasdaq fell 0.47% amid concerns over bad loans at regional banks, expectations for growth in the AI industry remained intact.
Buoyed by the strength of the KOSPI's No. 1 and No. 2 large-cap stocks by market capitalization, the KOSPI climbed intraday to 3,794.87, reaching the brink of the 3,800 level.
Han Kyung-woo, Hankyung.com reporter case@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.
