The share prices of Samsung Electronics and SK Hynix showed weakness in the early session on November 14. This is attributed to the sharp decline in technology stocks on the New York Stock Exchange overnight, driven by renewed concerns over an artificial intelligence (AI) bubble.
As of 9:25 a.m. on this day, Samsung Electronics was trading at 99,400 won, down 3.31% from the previous session, breaking below the so-called “100,000-won mark.” SK Hynix saw an even steeper drop of over 5%, trading at 581,000 won, down 5.07%. Both stocks had already fallen below the 100,000-won and 600,000-won levels, respectively, during pre-market trading.
Overnight, all three major U.S. stock indices closed lower, despite the end of the U.S. federal government shutdown. This decline was attributed to subsequent uncertainty in economic indicators and hawkish comments from key Federal Reserve officials.
In particular, the tech-heavy Nasdaq index fell 2.29% from the previous session, and this impact is being felt in the domestic market, especially among semiconductor stocks. Amid growing concerns about an AI bubble on Wall Street, Nvidia, the leading AI stock, dropped 3.58%, while AMD and Palantir also recorded declines of around 4% and 6%, respectively. The Philadelphia Semiconductor Index also ended the session down 3.72%.
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