[Special Stock] '70,000 Electronics' Also Precarious... Samsung Electronics Falls for 3 Consecutive Trading Days (Comprehensive)
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On the 8th, Samsung Electronics' stock price fell for the third consecutive trading day.
On that day, Samsung Electronics closed at 70,900 KRW, down 0.14% from the previous trading day, on the Korea Composite Stock Price Index (KOSPI). During the session, the stock price dropped to 70,000 KRW, threatening the 70,000 KRW level.
Since the 5th, Samsung Electronics has been on a downward trend due to continued selling by foreign investors.
This is interpreted as being driven by profit-taking selling amid recognition of a peak.
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Kim Jisan, Head of Research at Kiwoom Securities, analyzed, "It appears that the recent perception of rising stock prices has led to movements for profit-taking purposes."
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