Samsung Electronics shares jumped sharply early on the 22nd, ascending to the "800,000 won Electronics" level.
As of 9:31 a.m. that day, Samsung Electronics stock was trading at 83,000 won on the Korea Exchange, up 4.14% (3,300 won) from the previous session. Opening at 79,900 won that day, Samsung Electronics set a new 52-week high.
Buoyed by a surge in U.S. Micron Technology (Micron), domestic semiconductor stocks also appeared to benefit from a trickle-down effect. Micron is the first in the memory chip industry to release quarterly results and is called the "semiconductor cycle barometer."
Han Ji-young, a Kiwoom Securities researcher, said, "With dual tailwinds such as strong demand driven by increased investment by artificial intelligence (AI) companies and rising DRAM prices due to supply shortages, U.S. Micron Technology soared, and domestic semiconductor stocks also enjoyed a trickle-down effect."
Micron's earnings announcement this week is expected to be an inflection point for the semiconductor rally. Researcher Han predicted, "Given that foreign inflows have also focused on semiconductor stocks since September, Micron's results this week will exert significant influence on KOSPI prices and changes in foreign flows."