Samsung Electronics and SK Hynix both set new record highs on June 19, leading a surge in semiconductor stocks.
According to the Korea Exchange, as of 9:43 a.m., SK Hynix shares rose by 146,000 won (5.44%) to 2,831,000 won. The stock opened at 2,770,000 won and briefly reached 2,850,000 won, marking an all-time high.
After surpassing the 2,700,000 won mark for the first time the previous day, SK Hynix continued its upward trajectory, exceeding 2,800,000 won in pre-market trading. The company's market capitalization also surpassed 2,000 trillion won for the first time.
The surge in SK Hynix's stock is attributed to expectations for increased supply of next-generation high-bandwidth memory (HBM). The company recently announced it has begun supplying samples of its next-generation AI memory, HBM4E, to major clients. Additionally, growing demand for AI semiconductors and anticipation of an American Depositary Receipt (ADR) listing have also boosted investor sentiment.
Samsung Electronics is also experiencing strong performance. At the same time, Samsung's stock rose by 8,000 won (2.21%) to 370,500 won, opening at a record high of 380,000 won.
The rise in semiconductor stocks coincides with gains in the U.S. stock market. The Dow Jones Industrial Average rose by 0.14%, the S&P 500 increased by 1.08%, and the Nasdaq climbed by 1.91%. Notably, the memory semiconductor sector led the gains, with Micron Technology soaring by 8.7% and SanDisk jumping by 11.54%.
Han Ji-young, a researcher at Kiwoom Securities, stated, "The Philadelphia Semiconductor Index's surge of over 6% and the KOSPI 200's strong performance in overnight futures will contribute to a continued rise in semiconductor stocks today."
* This article has been translated by AI.
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