[Asia Economy Reporter Oh Ju-yeon] On the previous day (16th local time), the Philadelphia Semiconductor Index in the United States rose 1.77%, showing strength, which has led to a notable advance of large semiconductor stocks in the domestic stock market as well.
As of 9:28 a.m. on the 17th, Samsung Electronics was trading at 61,700 KRW, up 1.65% from the previous trading day. During the session, it surged to 62,000 KRW, breaking the 52-week high again, which was 61,000 KRW on the 14th.
This was thanks to strong buying by foreign investors. At this time, foreigners purchased Samsung Electronics shares worth 66 billion KRW, while institutions sold shares worth 13.7 billion KRW.
SK Hynix's stock price, which had fallen to the 90,000 KRW range the previous day, settled back into the 100,000 KRW range. SK Hynix was trading at 105,000 KRW, up 1.31% from the previous trading day. Foreigners bought shares worth 64.4 billion KRW, and institutions sold shares worth 17.3 billion KRW.
In the securities industry, expectations for the semiconductor market conditions remain high. Accordingly, it is interpreted that the advance of large semiconductor stocks such as Samsung Electronics and SK Hynix will continue further.
Kim Yong-gu, a researcher at Hana Financial Investment, said, "IT (semiconductors and hardware) and Chinese consumer goods (cosmetics, hotels and casinos, media) are investment alternatives as safe havens for earnings," adding, "I expect a leadership trend among the current market-leading groups. It means it is not yet time to look sideways at latecomers."
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