[Market Focus] Breaks 500,000 Won Again... SK Hynix Hits New Record High
Surging Over 5% to Reach an All-Time High
Samsung Electronics Also Gains 1.6%
SK Hynix shares surged again, breaking through the 500,000 won mark. Samsung Electronics shares also approached 100,000 won. The rally in stock prices of companies related to artificial intelligence (AI) continues, following a surprise earnings report from Intel in the United States.
As of 9:32 a.m. on October 24, SK Hynix shares were trading at 504,000 won, up 5.33% from the previous day. The stock has risen 45% just this month, setting a new all-time high.
Samsung Electronics shares are also showing strength. At the same time, the share price stood at 98,100 won, up 1.66% from the previous day.
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The two stocks, which rank first and second in market capitalization on the Korean stock market, closed lower the previous day as foreign investors turned to selling amid escalating tensions between the United States and China. It appears that the rebound in U.S. semiconductor stocks overnight has provided positive momentum for the market.
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