[Featured Stock] Samsung Electronics Leading Index Rise, Semiconductor Supercycle Expectations Drive 3%↑
[Asia Economy Reporter Lee Seon-ae] Samsung Electronics is leading the index rise with an early session increase of over 3%.
As of 9:19 AM on the 2nd, Samsung Electronics is trading at 85,200 KRW, up 3.25% from the previous trading day.
The expectation of a semiconductor supercycle is positively influencing the stock price. In particular, the continued rise in DRAM prices is fueling expectations that the semiconductor supercycle will expand further.
As of the 26th of last month, the DRAM Exchange Index (DXI), a benchmark for the DRAM memory semiconductor market, reached an all-time high of 33,748.46. The previous record was 29,735.32 on January 2, 2018.
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DRAM spot prices are also maintaining an upward trend. The average spot price for PC DRAM (DDR4 8GB) products rose by $4.35 per unit on the 25th of last month and reached $4.37 on the 1st of this month. The DRAM spot price surpassing $4 is the first time in 1 year and 10 months since April 2019.
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