[Featured Stock] Samsung Electronics Falls Below 60,000 Won... Drops Over 2%

[Asia Economy Reporter Oh Ju-yeon] Samsung Electronics' stock price, which had been hitting new highs daily thanks to the semiconductor market recovery and improved earnings, fell more than 2% during trading on the 28th, breaking below the 60,000 won level.

As of 9:24 a.m. that day, Samsung Electronics was trading at 59,200 won, down 2.63% from the previous trading day.

On the 20th, the stock price surged to 62,800 won during trading, marking a 52-week high, but concerns over the spread of the novel coronavirus infection (Wuhan pneumonia) in China during the Lunar New Year holiday period led to a significant decline in risk asset appetite in the global stock market.

Additionally, the Philadelphia Semiconductor Index in the U.S. stock market fell sharply by 3.91% due to concerns over economic activity contraction caused by the novel coronavirus, which also seemed to have an impact.

At this time, by investor type, foreigners sold stocks worth 75.6 billion won, while institutions bought stocks worth 73.7 billion won.

This content was produced with the assistance of AI translation services.