On the Korean stock exchange, Samsung Electronics and SK Hynix saw significant gains in early trading as U.S. tech stocks rebounded. Samsung Electronics recovered to the 200,000 won mark, while SK Hynix surged nearly 8%, surpassing 1.2 million won.
As of 9:17 a.m. KST, Samsung Electronics was trading at 202,500 won, up 10,350 won (5.45%) from the previous trading day. SK Hynix also rose by 90,000 won (7.92%), reaching 1,226,000 won.
Analysts attribute the rise in investor sentiment to the overall increase in major U.S. stock indices. On November 9, the Dow Jones Industrial Average climbed 2.15%, while the S&P 500 and Nasdaq Composite rose by 2.35% and 2.74%, respectively. Following a sharp decline last week, the U.S. market experienced its largest gain since April, driven by bargain hunting.
Particularly strong performances were noted among U.S. semiconductor stocks. AMD surged by 13.26%, while Broadcom, Micron, and Intel also saw increases of 8.78%, 6.25%, and 5.49%, respectively. However, Nvidia experienced a decline of 4.27%, showing a contrasting trend.
Recently, global markets faced a downturn following the U.S. midterm elections, with concerns over stricter regulations on AI data centers and potential investment slowdowns among big tech companies. In the domestic market, selling pressure focused on major semiconductor stocks, but the rebound in U.S. tech shares has helped mitigate some of the losses.
* This article has been translated by AI.
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