Business · Markets · 2 hrs ago
Samsung Electronics and SK Hynix shares rise after recent falls
Samsung Electronics and SK Hynix shares rose early on Oct.
16 after several sessions of sharp falls.
By 9:13 a.m.
in Seoul, Samsung was up 1.67% and SK Hynix was up 0.87%.
The two companies are major South Korean chipmakers, and their shares are part of the country’s benchmark KOSPI market.
The gains came after US stock indexes all closed higher overnight, while some chip stocks recovered from early losses.
Investors appeared to be buying shares after recent declines in artificial intelligence and chip stocks, which some saw as excessive.
Foreign investors were still net sellers of South Korean shares, including stocks in the electrical and electronics sector.
Individual and institutional investors were net buyers in that sector.
The early gains marked a pause in the recent slide, but the figures show that foreign selling continued.
Samsung Electronics and SK Hynix shares rose in early trading on Oct. 16 after several sessions of sharp declines.
Samsung was up 1.67% at 213,500 won at 9:13 a.m., while SK Hynix gained 0.87% to 1.273 million won.
The rebound came after all three major US stock indexes closed higher overnight.
The article said investors appeared to be buying shares after viewing recent declines in artificial intelligence and semiconductor stocks as excessive.
Foreign investors were net sellers in South Korea’s main market, while individuals and institutions were net buyers.
- Who
- Samsung Electronics and SK Hynix.
- What
- Both companies’ shares rose in early trading after recent declines.
- When
- Oct. 16; prices were reported at 9:13 a.m.
- Where
- South Korea’s stock market.
- Why
- Buying appeared to reflect a view that recent falls in AI and semiconductor stocks had been excessive.
This story does not have two clearly opposing sides.
Sharp declines affected AI and semiconductor stocks.
The three major US stock indexes all closed higher.
Samsung Electronics was up 1.67% and SK Hynix was up 0.87%.
- Samsung Electronics
- Up 1.67% at 213,500 won
- SK Hynix
- Up 0.87% at 1.273 million won
- Reported trading time
- Oct. 16 at 9:13 a.m.
- Foreign investors
- Net sellers of 2.13 trillion won in the main market
- Individuals
- Net buyers of 1.479 trillion won in the main market