[Featured Stocks] 'Earnings Shock' Concerns... Samjeon Down 1.25% · Hainikseu Down 1.35%

On the 3rd, major semiconductor stocks such as Samsung Electronics and SK Hynix are on a downward trend.

As of 9:26 AM, Samsung Electronics is trading at 63,200 KRW, down 1.25% from the previous close. At the same time, SK Hynix is trading at 87,400 KRW, down 1.35%.

[Image source=Yonhap News]

원본보기 아이콘

Samsung Electronics is scheduled to announce its preliminary Q1 earnings on the 7th. Securities firms predict that operating profit for Q1 will fall short of 1 trillion KRW due to the worsening semiconductor market conditions. The year-on-year decline is expected to reach 90%.

SK Hynix is also expected to record a loss in the 40 trillion KRW range for Q1 alone.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.