[Market Focus] "Iran Shock" Drives Samsung Electronics and SK hynix Lower Together

Samsung Electronics and SK hynix are showing weakness due to the impact of the US-Iran war.

As of 9:15 a.m. on March 4, Samsung Electronics is trading at 1,874,000 won, down 3.95% (77,000 won) from the previous trading day, while SK hynix is trading at 920,000 won, down 2.02% (19,000 won) from the previous trading day.

Investor sentiment has been affected by concerns over inflation and a global economic slowdown, as oil prices have soared for the second consecutive day following Iran's blockade of the Strait of Hormuz. On March 3 (Eastern Time), the Dow Jones Industrial Average at the New York Stock Exchange (NYSE) closed at 48,501.27, down 403.51 points (0.83%) from the previous session. The Standard & Poor's (S&P) 500 index fell by 64.99 points (0.94%) to end at 6,816.63, while the Nasdaq Composite Index dropped by 232.17 points (1.02%) to close at 22,516.69.

The Philadelphia Semiconductor Index plunged by 4.58%. All 30 stocks comprising the Philadelphia Semiconductor Index declined, with Micron Technology plummeting 8%. Intel, KLA, Applied Materials, and Lam Research also fell by around 6%. If the Hormuz blockade is prolonged, manufacturing output in Asia will slow, and the US hardware market will inevitably be hit as well. Should bottlenecks occur in the Asian semiconductor market, US semiconductor and artificial intelligence (AI) companies will have no choice but to revise their performance outlooks.

This content was produced with the assistance of AI translation services.