Shares of Samsung Electronics and SK Hynix, which saw unprecedented gains in the previous trading session, both fell nearly 7% in early trading. This decline is attributed to profit-taking following the recent surge.
As of 10:11 a.m. on August 3, Samsung Electronics was trading at 243,500 won, down 7.24% (19,000 won) from the previous day. At one point, the stock dropped to 239,000 won, marking an 8.95% decline.
Similarly, SK Hynix was trading at 1,589,000 won, down 7.51% (129,000 won) compared to the previous trading day. The stock fell to 1,563,000 won at one point, reflecting a 9.02% drop.
On July 31, SK Hynix recorded a remarkable 29.95% increase, the highest since 2009, while Samsung Electronics surged by 26.81%.
However, concerns over a slowdown in NAND prices following disappointing earnings from Japanese semiconductor firm Kioxia, along with rising U.S. Treasury yields, have dampened investor sentiment.
In terms of supply and demand, notable selling pressure was observed from foreign and institutional investors. At the same time, individual investors were net buyers, purchasing 2.0232 trillion won, while foreign and institutional investors sold a net 1.4159 trillion won and 654.8 billion won, respectively.
* This article has been translated by AI.
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