As semiconductor shares plummeted in the US stock market the day before the US government’s decision to restrict semiconductor companies’ exports to China, Samsung Electronics and SK Hynix also showed weakness in the domestic stock market on the 11th.
On that day, Samsung Electronics ended trading at 55,400 won, down 1.42% from the previous trading day, and SK Hynix at 90,200 won, down 1.10% from the previous day.
The share prices of both companies showed a drop of about 3% in the first part of the market, but the decline was reduced as purchases from abroad continued.
Net foreigners bought Samsung Electronics for 69.6 billion won and SK Hynix for 40.2 billion won.
Samsung Electronics’ share price continued to rise for four consecutive trading days from last month’s 30th to the day before, in the expectation that the semiconductor industry would reverse in the first half of next year, but declined slightly thereafter. the announcement of the third quarter results on 7.
Samsung Electronics announced that it reported an operating profit of 10.8 trillion won in the third quarter, down 31.73% from the same period last year.
The industry predicts that the immediate impact of the US government’s semiconductor export control measures in China will be limited, but it is expected that there will be adverse effects such as a contraction of the Chinese semiconductor market and the procedural burden of review. individual.
Semiconductor-related stocks on the New York Stock Exchange on 10 (local time) continued to decline in the aftermath of US restrictions on exports of semiconductor technology to China.
Nvidia (-3.36%), Qualcomm (-5.22%), Micron Technology (-2.89%) and AMD (-1.08%) were down, while the Philadelphia Semiconductor Index fell 3.45 %.
/ yunhap news
