[Featured Stock] '6.5 Million Won Level Also Precarious'... Samsung Electronics Drops Over 1% to 52-Week Low

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] Samsung Electronics once again showed weakness in the mid-session on the 27th, breaking its 52-week low record.

As of 1:10 PM on the same day, Samsung Electronics was trading at 65,000 KRW, down 1.66% (1,100 KRW) from the previous trading day.

Although Samsung Electronics announced solid results for the first quarter, it has continued to show weakness since the beginning of the year due to semiconductor demand uncertainty caused by Russia's invasion of Ukraine and the tightening by the U.S. Federal Reserve (Fed).

The U.S. stock market also saw a sharp decline centered on tech stocks the day before. On the 26th (local time), the U.S. Nasdaq closed at 12,490.74, down 514.11 points from the previous trading day. This represents a 3.95% drop compared to the previous day and a 23% decline from the high in November last year. On the same day, the U.S. Philadelphia Semiconductor Index also fell by 4.38%.

The decline was significant ahead of earnings announcements, mainly among large tech stocks. Tesla plunged 12.18% from the previous trading day, followed by Nvidia (-5.60%), MS (-3.74%), and Apple (-3.73%), all falling simultaneously.

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