[Featured Stock] Samsung Electronics Falls Below 70,000 Won... Semiconductor Sector Investor Sentiment Worsens
Samsung Electronics is weak due to deteriorating investment sentiment in the semiconductor sector.
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As of 9:45 a.m. on the 21st, Samsung Electronics was trading at 69,900 won, down 1.55% from the previous day.
This is the first time in nine trading days since the 10th of this month that Samsung Electronics' stock price has fallen below 70,000 won.
The weakness in Samsung Electronics' stock price is attributed to a significant decline in technology stocks, including semiconductors, in the U.S. stock market on the 20th (local time).
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Following Taiwan's TSMC's announcement of disappointing second-quarter earnings, semiconductor stocks overall showed weakness, with the Philadelphia Semiconductor Index falling 3.62%.
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