[Featured Stocks] Semiconductor Shares Continue to Rise... Samsung Electronics and Hanmi Semiconductor Hit 52-Week Highs

Samsung Electronics and Hanmi Semiconductor Hit 52-Week Highs
Overall Semiconductor Sector Shows Uptrend
Market Optimism Ahead of Q1 Earnings Announcement

Amid expectations of an improvement in the semiconductor industry, Samsung Electronics and Hanmi Semiconductor, the 'leading stocks' in semiconductors, have once again hit new 52-week highs.

As of 9:48 a.m. on the 2nd, Samsung Electronics is trading at 83,600 KRW, up 1.95% (1,600 KRW) from the previous day. It has surpassed the intraday 52-week high of 83,300 KRW recorded the previous day.

Hanmi Semiconductor is trading at 148,100 KRW, up 4.08%. It also broke through the 52-week high of 146,300 KRW recorded the previous day. Another leading semiconductor stock, SK Hynix, is trading at 185,700 KRW, up 0.11% from the previous day.

Other stocks in the semiconductor sector, such as Above Semiconductor (11.82%) and Jeju Semiconductor (1.76%), are also showing upward trends.

Semiconductor stocks are interpreted to be showing strength ahead of the first-quarter earnings announcements, along with recent expectations of industry improvement. Lee Seung-woo, a researcher at Eugene Investment & Securities, said about Samsung Electronics, "The earnings improvement is expected to exceed consensus (market average forecast), and it seems they have begun to find clues even in high-bandwidth memory (HBM), which has been pointed out as a vulnerability."