Samsung Electronics is surging in early trading on the 16th. At one point during the session, it rose to 96,900 won, rewriting its all-time high.
As of 9:13 a.m., Samsung Electronics shares were trading at 96,200 won on the Korea Exchange, up 1.26% (1,200 won) from the previous session. Immediately after the market opened, Samsung Electronics climbed to 96,900 won, setting a new all-time high.
Samsung Electronics' previous intraday all-time high was 96,800 won, set on Jan. 11, 2021.
With the KOSPI index strong day after day, the share price of Samsung Electronics, the KOSPI's bellwether, also appears to be jumping. After rising to as high as 3,659.91 during the previous session to hit a record, the KOSPI index broke through the 3,700 mark right after the open.
Overnight strength in U.S. tech stocks also appears to have boosted investor sentiment for semiconductor stocks. On Wall Street, TSMC rose 2.96% and Broadcom gained 2.09%, pushing the Philadelphia Semiconductor Index up by nearly 3%.