"What Is Going On?" Samsung Electronics Stock Rises... 20s and 30s Retail Investors 'Cheer'

Samsung Electronics Closes at 74,900 Won, Up 5.2% from Previous Day
Will 20s and 30s Retail Investors' Worries End?
Vice Chairman Lee Jae-yong Visits US White House to Meet Key Officials

Samsung Electronics Seocho Building Photo by Yonhap News

[Asia Economy Reporter Seunggon Han] "It seems that with stocks, you just have to hold on until the end," "I can't believe a day like this has come."

On the previous day (22nd), Samsung Electronics shareholders could not hide their joy as they saw the stock price rising for the first time in a while. Especially among young people in their 20s and 30s, they shared small moments of excitement in group chat rooms, saying things like "How long will it keep going up?" and "Now let's really go for '100,000 Electronics'!"

Kim, a worker in his 20s, said, "I bought Samsung Electronics stock last February," adding, "I kept waiting every day, wondering when semiconductor stocks would finally rise." Another office worker in his 30s, Park, confessed, "When my friends and acquaintances sold their Samsung Electronics stocks and got out, it really hurt inside."

Samsung Electronics, the leader in semiconductors, has continued its strong performance for two consecutive days. There is also an interpretation that concerns about the decline in DRAM memory semiconductor prices have been partially alleviated. Samsung Electronics closed trading at 74,900 won, up sharply by 5.2% from the previous day.

Foreign investors and domestic institutions each net purchased 426 billion won and 225.5 billion won, respectively. In particular, the net purchase amount by foreigners for Samsung Electronics set a new record since August 4th (526.5 billion won).

Previously, Samsung Electronics’ stock price had been continuously declining. According to the Korea Exchange on the 1st, Samsung Electronics’ stock price closed at 69,800 won on the 29th of last month, down 900 won (1.27%) from the previous trading day.

Samsung Electronics Vice Chairman Lee Jae-yong is departing through Seoul Gimpo Business Aviation Center on the morning of the 14th for a business trip to Canada and the United States.
[Image source=Yonhap News]

Over the past month, Samsung Electronics’ stock price fell by 3.32%, showing a 'box range' movement between the high 60,000 won and low 70,000 won levels. As it closed in the 60,000 won range, there were even sarcastic remarks questioning if it had become '60,000 Electronics.' Shareholders recall that time as nothing short of a nightmare.

Jang, a worker in his 30s, said, "I didn’t expect Samsung Electronics’ stock price to reach 100,000 won, but I never thought it would fall this much," adding, "Honestly, it was tough when it hit the 60,000 won level." He continued, "People around me said Samsung Electronics might not be a good choice, but I just trusted and waited." In fact, Samsung Electronics’ stock price has been hovering within the box range without recovering the 80,000 won level since August 10th.

Meanwhile, the domestic securities market forecasted a rise in major semiconductor stocks the day before. According to FnGuide, a securities analysis agency, the average target price for Samsung Electronics projected by securities firms on that day was 95,870 won. SK Hynix’s target price was 136,304 won. As of 9:50 a.m. on the 23rd, according to Market Point, Samsung Electronics was trading at 75,000 won, up 100 won (0.13%) from the previous trading day.

Meanwhile, Vice Chairman Lee Jae-yong, who departed on the 14th and traveled to the United States via Canada, visited the White House in Washington DC on the 19th (local time). On that day, Vice Chairman Lee reportedly met consecutively with senior White House officials and key members of the U.S. Congress to discuss overall semiconductor supply chain issues, including the second semiconductor plant.

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