Samsung Electronics and SK hynix Surge Together, Combined KOSPI Market Cap Share Tops 40% for First Time Ever

As the share prices of Samsung Electronics and SK hynix have surged in tandem, the combined market capitalization of these two companies has, for the first time in history, exceeded 40% of the total market capitalization of the KOSPI.

As of the market close on March 18, Samsung Electronics' market capitalization stood at 1,234.2445 trillion won, accounting for 25.22% of the total KOSPI market cap of 4,892.8357 trillion won. SK hynix recorded a market capitalization of 752.6137 trillion won, representing a 15.38% share. The combined market capitalization of the two companies reached 1,986.8582 trillion won, which is 40.61% of the entire Korea Exchange main board. This marks the first time that the combined market capitalization share of the two companies has broken the 40% threshold.

According to CompaniesMarketCap.com, a U.S.-based market capitalization tracking site, Samsung Electronics ranked 13th globally by market capitalization at the close, moving up one spot from its previous position. SK hynix ranked 22nd, closely trailing Micron, which is in 21st place. Overnight in the New York stock market, Micron surged 4.5% ahead of its earnings announcement, exerting strong upward pressure on Korean semiconductor stocks. Samsung Electronics’ announcement at its shareholders’ meeting regarding plans to increase dividends and retire treasury shares also stimulated investor sentiment. Nomura Securities raised its target price for Samsung Electronics from 290,000 won to 320,000 won on this day.

Lee Kyungmin, a researcher at Daishin Securities, commented, "The semiconductor sector is experiencing renewed momentum, with Nvidia's GTC ongoing and Micron hitting record highs ahead of its earnings release tomorrow, spreading warmth across the industry. Expectations for shareholder returns from Samsung Electronics have also grown."

This content was produced with the assistance of AI translation services.