[Featured Stock] Samsung Electronics Hits '50,000 Won' for 2 Consecutive Trading Days... New Low Again

Samsung Electronics achieved record-high performance with annual sales exceeding 279 trillion won. On the 7th, Samsung Electronics announced that its preliminary consolidated results for last year showed sales of 279.04 trillion won and an operating profit of 51.57 trillion won. The photo shows Samsung Electronics Seocho Office Building. Photo by Mun Honam munonam@

[Asia Economy Reporter Kwon Jaehee] Samsung Electronics has once again recorded a new low as it continues its downward trend.

As of 9:38 a.m. on the 20th, Samsung Electronics is trading at 58,800 KRW, down 1.67% from the previous trading day. It has been in the '50,000 KRW range' for two consecutive trading days.

During the session, the price fell to 58,500 KRW, setting a new low. This is approximately a 27% decline compared to the all-time high of 80,800 KRW on December 24 last year.

Samsung Electronics' stock price is declining due to concerns over economic slowdown, uncertainty in the semiconductor industry, and tightening fears caused by soaring inflation in the United States.

In particular, as the domestic stock market plunged last week, Samsung Electronics' stock price fell 6.27% over the week (from the 13th to the 17th), wiping out about 25 trillion KRW in market capitalization (from 380.9 trillion KRW to 355.8 trillion KRW).

On the 17th, Samsung Electronics closed below the 60,000 KRW mark for the first time in about 1 year and 7 months since November 4, 2020.

Foreign investors have recently continued their 'selling' spree of Samsung Electronics, driving the stock price down.

Since the beginning of the year, foreign investors have sold Samsung Electronics shares worth 8.0083 trillion KRW. As of the 17th, the foreign ownership ratio of Samsung Electronics stood at 49.97%, falling below 50% for the first time in six years since April 28, 2016 (49.59%).

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