Major domestic semiconductor-related stocks, such as Samsung Electronics and SK Hynix, rose simultaneously thanks to the buying trend of foreign investors.
On the KOSPI on the 4th, SK Hynix closed trading at 188,000 won, up 4.91% from the previous day’s closing price. On the same day, Samsung Electronics also closed at 85,300 won, up 1.43% from the previous day. Samsung Electronics rose to 85,500 won during the day, hitting a new high in two days following the previous 2nd (85,000 won).
This upward trend in semiconductor stocks appears to be mainly due to foreign buying. According to the Korea Exchange Information Data System, foreigners made a net purchase of 198.1 billion won worth of SK Hynix on this day. Samsung Electronics also led the upward trend with foreign funds pouring in at 367.9 billion won.
The reason foreigners are purchasing major domestic semiconductor stocks is interpreted to be because concerns related to the U.S. base interest rate cut have been resolved.
There is also an analysis that domestic semiconductor stocks rose due to the impact of the earthquake that occurred in Taiwan. When TSMC, the world’s largest foundry (semiconductor consignment production) company located in Taiwan, suffered damage to its production process due to an earthquake, domestic companies benefited. On the same day, Bloomberg also released an analysis that said, “Samsung Electronics and SK Hynix stock prices rose due to expectations of a chip price increase caused by production disruptions due to the recent earthquake in Taiwan.”
In particular, SK Hynix attracted investor attention by announcing on this day that it would build an advanced packaging plant for high-bandwidth memory (HBM) production in Indiana, USA. The company announced through an electronic disclosure, “We plan to build a factory with the goal of mass production in the second half of 2028, and investment costs such as construction and facilities are expected to be $3.87 billion (about KRW 5.1187 trillion).” Unlike Samsung Electronics and SK Hynix, which all showed an upward trend, major semiconductor companies showed a downward trend on the KOSDAQ. On this day, Reno Industrial closed at 263,000 won, down 1.50% from the previous day’s closing price, and HPSP also closed at 48,150 won, down 1.53%.
[김대은 기자]
2024-04-05 13:04:19
#Nix #Electronics #reality #Foreigners #Semiconductors #hungry
