[Featured Stock] Samsung Electronics Surges Over 5%... Still '50,000 Electronics'

[Asia Economy Reporter Junho Hwang] On the afternoon of the 13th, Samsung Electronics' stock price surged more than 5% in the stock market.

As of 3:15 PM that day, Samsung Electronics was trading at 58,400 KRW, up 5.04% from the previous close. This is the first time Samsung Electronics has risen more than 5% since January 8, when it increased by 7.04%. Institutional and foreign investors are buying intensively, driving the stock price up. On the other hand, individual investors appear to be taking profits amid the rare upward trend.

The rise seems to be due to news that the U.S. Department of Commerce is scheduled to announce new export regulations prohibiting the export of semiconductor manufacturing equipment produced domestically to Chinese factories producing advanced semiconductors with processes of 14 nanometers (nm) or less without permission.

In the securities industry, it is expected that if the U.S. strengthens regulations against China, there will be a positive spillover effect on Korea's semiconductor and secondary battery industries.

On the same day, besides Samsung Electronics, SK Hynix recorded 95,000 KRW, up 50.9% from the previous close. DB HiTek, which belongs to the same semiconductor manufacturing sector, also rose 5.88% from the previous day to 44,100 KRW.

However, Samsung Electronics' stock price has not yet risen to the 60,000 KRW level. Since the 22nd of last month, Samsung Electronics' stock price has fallen to the 50,000 KRW range and has not recovered as of this day.