Samsung Electronics and SK Hynix have rebounded after an early drop in trading. Following a significant decline in U.S. semiconductor stocks, both companies fell more than 5% in pre-market trading but recovered as bargain hunters entered the market after the opening bell.
As of 10:30 a.m., Samsung Electronics was trading at 303,500 won, up 1,000 won (0.33%) from the previous session. SK Hynix saw an increase of 6,400 won (3.13%), reaching 2,112,000 won.
Earlier, both stocks experienced substantial losses in pre-market trading. At 8:05 a.m., Samsung Electronics was down 5.45% at 286,000 won, while SK Hynix fell 5.76% to 1,930,000 won.
The initial decline in investor sentiment was triggered by a sharp drop in U.S. semiconductor stocks. Notably, Nvidia fell 3.73%, while Micron Technology, AMD, and Broadcom saw declines of 4.70%, 4.86%, and 5.12%, respectively. The Philadelphia Semiconductor Index also closed down 3.57%.
Concerns about the semiconductor sector have spread, leading to a more than 4% drop in the semiconductor ETF, SOXX. However, as the domestic market opened, perceptions of excessive losses prompted bargain buying, resulting in a rebound, particularly among large semiconductor stocks.
Meanwhile, according to the Korea Exchange, the KOSPI index turned positive around 10:32 a.m., recording 7,740.99. The index had opened down 221.20 points (2.86%) at 7,509.62 but managed to recover all losses during the session.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.