SK hynix is showing a strong increase of more than 3% in early trading on the 14th. With the U.S.-China trade conflict entering a ceasefire phase, investor sentiment seems to be recovering as the uncertainty for the future has slightly decreased.
As of 9:08 a.m. on this day, SK hynix is trading at 205,500 won, up 7,000 won (3.53%) compared to the previous trading day.
SK hynix has seen three consecutive days of increases since the 12th. On this day, news emerged that the U.S.-China trade conflict, which had been dampening investor sentiment towards semiconductor stocks, made progress in negotiations. The two countries agreed to reduce tariffs by 115% over the next 90 days, adjusting the U.S. tariff rate on China to 30% and the Chinese tariff rate on the U.S. to 10%.
The announcement from major client NVIDIA also seems to have influenced the rise in SK hynix's stock price. NVIDIA's stock surged 5.63% after news was reported on the 13th (local time) that it would supply artificial intelligence (AI) chips to Saudi Arabia. SK hynix is known to be supplying high-bandwidth memory (HBM) to NVIDIA.
Along with SK hynix, another leading semiconductor stock, Samsung Electronics, is trading at 57,450 won, up 550 won (0.97%) compared to the previous trading day.