[Featured Stock] Samsung Electronics Approaches 70,000 Won... SK Hynix Hits 52-Week High

[Asia Economy Reporter Minji Lee] Samsung Electronics and SK Hynix are experiencing a sharp rise.

[Image source=Yonhap News]

According to the Korea Exchange on the 2nd, Samsung Electronics recorded 69,100 KRW at 9:22 AM, up 1.92% from the previous trading day. On the same day, Samsung Electronics reached a peak of 69,500 KRW. At the same time, SK Hynix recorded 107,000 KRW, up 6.47% from the previous trading day. SK Hynix also rose to 107,500 KRW during the session, setting a new 52-week high.

Do Hyun-woo, a researcher at NH Investment & Securities, explained, "Memory supply and demand are expected to improve due to reduced supply and increased demand early next year," adding, "DRAM price increases are expected to begin in earnest from the second quarter of next year."