[Special Stock] Samsung Electronics Returns to '60,000 Won Electronics' After 6 Trading Days

[Asia Economy Reporter Ji Yeon-jin] Samsung Electronics fell back to the 60,000 KRW range on the 25th.

[Image source=Yonhap News]

As of 9:51 AM on the day, Samsung Electronics was trading at 69,900 KRW, down 0.71% (500 KRW) compared to the previous trading day. Samsung Electronics traded below 70,000 KRW from the opening price and dropped to as low as 69,500 KRW during the session.

The stock price of Samsung Electronics fell below the 70,000 KRW mark based on the closing price on the 12th, returned to the 70,000 KRW level on the 15th, and maintained it for six trading days, but on this day, it slipped back to the 60,000 KRW range.

Earlier, Daishin Securities raised the target price for Samsung Securities to 100,000 KRW on the same day. Researcher Lee Subin explained, "This reflects an 11% increase in the value of the non-memory business division and a 5% downward adjustment in the value of memory semiconductors."