Samsung Electronics and SK Hynix experienced significant gains in pre-market trading on July 31.
According to NextTrade, as of 8:37 a.m., SK Hynix shares rose by 207,000 won (15.66%) to 1,529,000 won. Samsung Electronics also saw an increase of 27,500 won (13.29%), trading at 234,500 won.
The surge in domestic semiconductor stocks follows a rebound in U.S. semiconductor shares, which has improved investor sentiment. Analysts suggest that the recent sharp declines in stock prices have led to a wave of bargain hunting, particularly among heavily sold-off stocks.
On July 30, all three major U.S. stock indices closed higher. The S&P 500 rose by 121.48 points (1.66%) to close at 7,437.63, while the tech-heavy Nasdaq Composite surged by 679.24 points (2.78%) to finish at 25,122.18. The Dow Jones Industrial Average increased by 613.92 points (1.19%) to end at 52,208.06.
Notably, semiconductor stocks saw a remarkable increase, with the Philadelphia Semiconductor Index soaring by 8.2%. Micron shares jumped 18%, SanDisk surged 26%, and AMD rose by 13%.
* This article has been translated by AI.
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