[Special Stock] Samsung Electronics Falls Back to '66,000 Won Range'... Drops Over 1%

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Samsung Electronics fell by more than 1% in early trading, dropping back to the 66,000 won range. Samsung Electronics turned negative after five trading days.

According to the Korea Exchange on the 22nd, as of 9:25 a.m., Samsung Electronics was trading at 66,900 won on the KOSPI market, down 1.18% from the previous trading day. This is the first time it has recorded the 66,000 won range since the 15th (closing price 66,000 won).

The decline is attributed to the KOSPI falling below the 2,700 mark during the session, following expectations that the U.S. Federal Reserve (Fed) may implement a significant interest rate hike next month.

At the IMF General Meeting yesterday, Fed Chair Jerome Powell stated that "the Federal Open Market Committee will consider a 50 basis point (0.5 percentage point) rate hike at its regular meeting in early May," which led to continued foreign selling pressure mainly on large-cap stocks such as Samsung Electronics and SK Hynix.

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