Business · Markets · 18 hrs ago
Samsung Electronics and SK Hynix shares edge up after two-day slump
Samsung Electronics and SK Hynix shares rose slightly in South Korea’s premarket trading on Nov.
9, after falling sharply for two days.
The declines followed concerns about possible US rules affecting AI data centers after the US midterm elections.
Over the two sessions, Samsung shares fell about 11% and SK Hynix shares fell more than 16%.
Foreign investors sold about 11 trillion won in South Korean stocks during the five trading days from Nov.
2 to 6, including about 8.4 trillion won of the two chipmakers’ shares combined.
The small gains followed heavy selling: at 8:03 a.m., Samsung was up 1.54% and SK Hynix was up 1.06% in premarket trading.
A securities analyst said short-term price swings could continue, while suggesting investors could consider buying gradually after the drop.
Samsung Electronics and SK Hynix shares edged higher in premarket trading on Nov. 9 after falling sharply for two consecutive sessions.
At 8:03 a.m., Samsung was up 1.54% at 191,600 won, while SK Hynix gained 1.06% to 1,144,000 won.
The two stocks had dropped more than 11% and 16%, respectively, over the previous two trading sessions.
Foreign investors sold about 11.05 trillion won worth of shares on South Korea’s main board during the week of Nov. 2 to 6.
Concerns about regulation of artificial-intelligence data centers following the US midterm elections were cited as weighing on the shares.
- Who
- Samsung Electronics and SK Hynix.
- What
- Their shares edged up in premarket trading after falling sharply for two sessions.
- When
- Nov. 9; the article reported prices at 8:03 a.m.
- Where
- NXT premarket trading in South Korea.
- Why
- The article linked the preceding slump to concerns about regulation of AI data centers after the US midterm elections.
This story does not have two clearly opposing sides.
Foreign investors net sold about 11.05 trillion won worth of shares on South Korea’s main board over five trading days.
Samsung Electronics and SK Hynix fell by more than 11% and 16%, respectively.
In NXT premarket trading, Samsung Electronics was up 1.54% and SK Hynix was up 1.06%.
- Samsung Electronics
- 191,600 won, up 1.54% in premarket trading
- SK Hynix
- 1,144,000 won, up 1.06% in premarket trading
- Recent losses
- More than 11% for Samsung and 16% for SK Hynix over two trading sessions
- Foreign net selling
- About 11.05 trillion won during Nov. 2–6
- SK Hynix net selling
- 5.7837 trillion won by foreign investors during Nov. 2–6
1 source
What people are saying
There is limited benefit in joining additional selling, but the possibility of increased short-term volatility remains.
A response focused on buying in stages during the sharp drop and increasing holdings is effective.