[Featured Stock] Samsung Electronics Slips Below 60,000 Won, Recovers Above 70,000 Won Again
[Asia Economy Reporter Lee Seon-ae] On the 10th, Samsung Electronics' stock price recovered to the 70,000 KRW level, supported by the rise in the KOSPI index.
At 9:37 AM on the 10th, Samsung Electronics was trading at 71,100 KRW, up 2.30% from the previous trading day.
Samsung Electronics' stock price closed at 69,500 KRW on the 8th, falling below 70,000 KRW for the first time in about four months.
This was due to growing concerns over damages to domestic companies including Samsung Electronics following Russia's invasion of Ukraine, compounded by worries about the semiconductor industry. Additionally, recent controversy over the deliberate performance degradation of the Galaxy S22 series devices dampened investor sentiment.
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Lee Seung-woo, a researcher at Eugene Investment & Securities, said, "No matter how strong IT demand and investment are and how prices rise, all geopolitical issues have overshadowed everything," adding, "Resolving geopolitical problems is a prerequisite for stock price recovery."
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