[Market Focus] SK Hynix Touches 290,000 Won Intraday... Samsung Electronics Recovers "60,000 Won Level"

Leading semiconductor stocks showed strong performance in early trading, with SK Hynix touching 290,000 won during the session and Samsung Electronics recovering the 60,000 won level.

As of 9:07 a.m. on June 25, SK Hynix was trading at 288,000 won, up 9,500 won (3.41%) from the previous day. During the session, the stock rose as high as 291,500 won, once again setting a new record high. Samsung Electronics also climbed 0.66%, reaching 61,000 won during the session before pulling back.

This is interpreted as being influenced by the strong performance of the Philadelphia Semiconductor Index (up 3.8%) led by Micron (up 4.8%) in the U.S. stock market the previous day. The market is expected to focus on Micron’s earnings announcement, which is seen as a barometer for the semiconductor industry. Micron will announce its results for the third quarter of this year (March to May) on June 25 (local time).