[Featured Stocks] Samsung Electronics and SK Hynix... Sharp Rise in Early Trading Session

Samsung Electronics and SK Hynix showed strong gains in early trading, reaching new 52-week highs.

At 9:45 a.m. on the 30th, Samsung Electronics was trading at 71,800 won, up 2.13% from the previous trading day. SK Hynix was at 113,100 won, up 3.57% from the previous day. Both stocks set new 52-week highs on the day.

The strong performance of the Philadelphia Semiconductor Index played a key role. As of the 26th, the Philadelphia Semiconductor Index closed the session with a surge of over 6% compared to the previous trading day. The Philadelphia Semiconductor Index is a weighted average of the stock prices of the top 30 U.S. semiconductor companies. As the major stock Nvidia showed a rising trend fueled by rapid growth, investor sentiment expanded across semiconductor stocks. The industry expects that demand for artificial intelligence (AI) semiconductors will increase significantly, leading to improved earnings for domestic semiconductor companies Samsung Electronics and SK Hynix.

Meanwhile, the U.S. stock market was closed on the 29th for Memorial Day.