[Featured Stock] US-Originated Tailwind... Samsung Electronics Rises Over 5%
On the 16th, when the KOSPI index started lower due to selling by individuals and foreigners, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The KOSPI opened at 2,995.68, down 3.84 points (0.13%) from the previous trading day. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Junho Hwang] On the morning of the 22nd, Samsung Electronics is trading at 74,800 won, up 5.06%. SK Hynix is also recording 119,000 won, up 6.73%.
If the current upward trend continues until the market closes, Samsung Electronics will record its largest increase in 10 months since January 8th of this year (7.12% rise).
The rise in semiconductor stocks is analyzed as a result of increased expectations for a semiconductor market recovery, following the surge in Micron's stock price in the New York stock market last weekend.
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Micron closed at 83.03 dollars on the Nasdaq market on the 19th (local time), up 6.01 dollars (7.80%) from the previous trading day. This is the largest increase in 1 year and 6 months.
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