Shares of SK hynix and Samsung Electronics surged in premarket trading, extending a broader rally in chip stocks.
According to Nextrade (NXT), SK hynix was trading at 1,609,000 won as of 8:48 a.m. on the 6th, up 11.2% from the previous session. Samsung Electronics rose 7.53% to 250,000 won.
The gains were attributed to expectations for improving global semiconductor conditions. Overnight, the Philadelphia Semiconductor Index climbed 4.23% to a record high. The MSCI Korea ETF jumped 6.04%, and the MSCI Emerging Markets ETF rose 2.03%, signaling continued appetite for risk assets.
On the back of that momentum, the Kospi is expected to attempt a move above the 7,000 level. In the previous session on the 4th, the Kospi closed at 6,936.99, up 338.12 points (5.12%), helped by net buying from foreign and institutional investors.
SK hynix led that advance, ending up 12.52% at 1,447,000 won. Samsung Electronics gained 5.44% and, during the session, set a new high for the year, surpassing 230,000 won (April 30).
* This article has been translated by AI.
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