[Special Stock] Samsung Electronics Declines Amid Foreign and Institutional 'Sell-Off'
Investor Sentiment Shrinks Amid Nvidia HBM Test Failure News
Samsung Electronics is currently down 2% amid simultaneous selling by foreigners and institutions. Last weekend, it was reported by foreign media that Samsung Electronics failed to pass tests for supplying high-bandwidth memory (HBM) to the US semiconductor company Nvidia. This is interpreted as having dampened investor sentiment.
As of 10:34 AM on the 27th, Samsung Electronics is trading at 74,300 KRW, down 2.11% (1,600 KRW) from the previous day. Shortly after the market opened, the price even fell to 74,000 KRW during intraday trading.
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As of 9:49 AM, foreigners and institutions are net selling 43.226 billion KRW and 6.375 billion KRW respectively. The stock price is interpreted to be falling as foreigners and institutions have been selling off since the early market hours.
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