Samsung Electronics, which led the stock market's rise on the 22nd, is continuing to lead gains in early trading on the 23rd.
As of 9:08 a.m. that day, Samsung Electronics was trading at 84,800 won, up 1,300 won (1.56%) from the previous session. It touched 85,800 won at one point early in the session, marking the highest price in the past year.
Before the regular session opened, in the "pre-market," Samsung Electronics climbed as high as 91,000 won, extending its gains, but the rally has slowed since the opening bell. Still, after rising 4.77% the day before to firmly settle into the "80,000 won Electronics" range, the uptrend has not broken.
This appears to reflect boosted investor sentiment after domestic and overseas experts projected a supercycle for the semiconductor industry. Morgan Stanley, which advanced a "semiconductor winter" view last year, said "this winter is expected to be warm" and offered a positive investment outlook for domestic semiconductor names.
Investors' next focus is expected to be Samsung Electronics' third-quarter earnings release. Samsung Electronics is expected to announce its preliminary third-quarter results in early to mid next month.