U.S. semiconductor stocks, including Nvidia, rebounded, and Samsung Electronics and SK hynix stocks are also on the rise.
SK hynix shares traded at 201,000 won in the KOSPI market at 9:18 a.m. on the 13th. The stock price rose by 1.06% (2,100 won) compared to the previous day. This is the first time since the 27th of last month that SK hynix's stock price has exceeded the 200,000 won mark during the day.
At the same time, Samsung Electronics' stock price also recorded 55,300 won, up 0.73% (400 won) from the previous day. This is the first time in seven trading days since the 4th of this month that Samsung Electronics' stock has recovered to the 55,000 won range during the day.
Overnight, the Philadelphia Semiconductor Index rose by 2.45% on the New York Stock Exchange. The lower-than-expected U.S. Consumer Price Index (CPI) for February significantly contributed to concerns over stagflation. Nvidia's stock rose by 6.43%, while Broadcom and AMD also showed strong performance.