[Featured Stock] Samsung Electronics Returns to '50,000 Won' Level After 7 Trading Days
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[Asia Economy Reporter Ji Yeon-jin] On the 23rd, Samsung Electronics fell below 60,000 won again after 7 trading days.
On this day, Samsung Electronics started trading at 59,000 won, down 1.67% from the previous day. Afterwards, the stock price rose slightly and was trading as of 9:10 a.m. Samsung Electronics fell below 60,000 won for the first time in 7 trading days since the 11th.
This is interpreted as a result of weakened investor sentiment toward risk assets following strong tightening remarks from key Federal Reserve (Fed) officials ahead of the U.S. Jackson Hole meeting.
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In addition, concerns about an economic recession due to the energy crisis caused by the surge in European gas and natural gas prices have led to continued foreign selling from the early morning session.
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