Samsung Electronics and SK Hynix saw significant declines on October 15, with shares dropping by 5.82% and 7.68%, respectively. As of 9 a.m. in the Korean stock market, Samsung Electronics was trading at 218,000 won, while SK Hynix was at 1,313,000 won.
Most major semiconductor stocks, including Samsung Electronics and SK Hynix, experienced sharp declines. Hanmi Semiconductor was down 8.37%, trading at 199,300 won.
Samsung Electro-Mechanics fell by 9.10% to 1,254,800 won, and SK Square dropped 7.39% to 789,000 won.
The downturn is largely attributed to renewed concerns over the profitability of artificial intelligence (AI) investments, following a significant drop in the stock prices of major global tech and semiconductor companies on the previous day in New York.
The U.S. stock market closed with all three major indices in the red. The Dow Jones Industrial Average fell by 0.09%, the S&P 500 dropped by 1.11%, and the tech-heavy Nasdaq Composite declined by 1.88%.
Domestic markets are expected to remain weak for the time being. With foreign investors pulling out and the end of stock buybacks for employee compensation at Samsung Electronics, as well as the nearing conclusion of SK Hynix's buyback and cancellation program, the buying strength from other corporations that had previously supported stock prices is significantly weakening, leading to an inevitable supply-demand gap.
At this time, individual investors are net selling 124.8 billion won, while foreign investors are selling 355.6 billion won. In contrast, institutions are buying 459.8 billion won, and financial investors are purchasing 384 billion won to help stabilize stock prices.
* This article has been translated by AI.
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