On May 11, Samsung Electronics and SK Hynix, the two leading companies in the South Korean stock market, saw their shares rise sharply in pre-market trading, with increases of 6% to 7%, continuing their trend of hitting record highs.
According to Next Trade, as of 8:06 a.m., Samsung Electronics was trading at 285,500 won, up 17,000 won (6.33%) from the previous trading day, bringing its market capitalization to approximately 1,669 trillion won.
At the same time, SK Hynix's shares surged by 11,800 won (7.00%) to reach 1,804,000 won, with a market capitalization of around 1,285 trillion won.
Combined, the market capitalizations of the two companies approached 2,954 trillion won. The strong buying interest in these semiconductor giants has heightened expectations for further gains in the KOSPI index.
Market analysts attribute the rising stock prices of Samsung Electronics and SK Hynix to increased demand for high-bandwidth memory (HBM) and improving conditions in the memory chip sector. Notably, foreign investors and leveraged funds have concentrated their investments in these semiconductor leaders, intensifying the trend of trading volume being dominated by Samsung Electronics and SK Hynix.
Additionally, the upward momentum in the stock prices appears to be influenced by the recent gains in the New York stock market over the weekend, driven by optimism surrounding a potential resolution to ongoing negotiations and better-than-expected employment data.
The Dow Jones Industrial Average closed up 12.19 points (0.02%) at 49,609.16. The S&P 500 index rose by 61.82 points (0.84%) to finish at 7,398.93, while the tech-heavy Nasdaq composite gained 440.88 points (1.71%) to close at 26,247.08.
* This article has been translated by AI.
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