[Featured Stock] Samsung Electronics Returns Previous Day's Gains... Declines Over 1%

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Samsung Electronics is reversing all of the previous day's gains and showing a decline of over 1%.

As of 9:48 a.m. on the 20th, the KOSPI is down 1.04% from the previous trading day, standing at 66,600 KRW. Samsung Electronics, which had risen to 67,300 KRW based on the previous day's closing price, has fallen to the 66,000 KRW level in just one day.

Samsung Electronics has been showing a significant downward trend since the beginning of this month. Since the closing price of 70,500 KRW on the 23rd of last month, it has yet to recover to the 70,000 KRW level. Negative investor sentiment toward the semiconductor sector has pulled the index down. Foreign and institutional investors have driven the stock price down by selling stocks worth 2.2358 trillion KRW and 1.107 trillion KRW respectively just this month.

Kim Unho, a researcher at IBK Investment & Securities, analyzed, “The stock price is already fully reflecting concerns about the DRAM market, and the decline in DRAM prices is expected to be limited. The NAND market is expected to continue its favorable trend through the second quarter, with total operating profit expected to reach 60 trillion KRW.”

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