[Featured Stock] Samsung Electronics Narrows Losses in the Afternoon

[Image source=Yonhap News]

Samsung Electronics reduced its losses in the afternoon.

As of 1:39 PM on the 19th, Samsung Electronics was trading at 63,500 KRW, down 1.40% (900 KRW) from the previous trading day.

On the 15th, U.S. investment bank Morgan Stanley downgraded SK Hynix's target price by 54%, from 260,000 KRW to 120,000 KRW, in a semiconductor report titled "Winter is Coming," and changed its investment rating from overweight to underweight. Samsung Electronics' target price was also lowered from 105,000 KRW to 76,000 KRW.

This is interpreted as a contraction in investor sentiment toward the semiconductor sector. On the morning of the same day, Samsung Electronics fell more than 3%, reaching as low as 62,200 KRW during intraday trading.