Samsung Electro-Mechanics is experiencing a decline of over 4%. Following a sharp drop in semiconductor stocks on the New York Stock Exchange over the weekend, selling pressure has spread to domestic semiconductor-related stocks.
As of 10:46 a.m. on October 19, Samsung Electro-Mechanics shares were trading at 1,137,000 won, down 51,000 won (4.29%) from the previous trading day.
Other substrate-related stocks are also facing declines. Isu Petasys fell by 3,800 won (3.82%) to 95,600 won, while Simtek dropped 4,700 won (3.71%) to 121,800 won.
This downward trend is attributed to a significant drop in technology stocks, particularly semiconductors, on the U.S. stock market over the weekend.
On October 16 (local time), the S&P 500 index on the New York Stock Exchange closed down 84.62 points (1.09%) at 7,659.44. The tech-heavy Nasdaq Composite also fell by 572.99 points (2.15%) to finish at 26,140.03, marking its largest weekly decline since June.
Notably, the Philadelphia Semiconductor Index dropped by 3.83%. Major stocks such as Micron Technology (-5.63%), AMD (-5.95%), SK Hynix American Depositary Receipts (ADR) (-6.58%), and SanDisk (-6.85%) all saw significant declines.
Concerns over intensified competition with Chinese companies have contributed to the weakness in U.S. semiconductor stocks throughout the past week, leading to a continued decline in investor sentiment for domestic semiconductor and substrate-related stocks.
* This article has been translated by AI.
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