Shares of Samsung Electronics and SK hynix were falling in early trading on the 12th. It appears to be due to weakness in artificial intelligence (AI) and chip-related stocks on the U.S. New York stock market overnight.
As of 9:23 a.m. on the day, Samsung Electronics shares were trading at 101,700 won on the Korea Exchange, down 1.74% (1,800 won) from the previous session.
SK hynix shares were also down 2.67% (16,500 won) from the previous session at 602,500 won.
It is analyzed to reflect the impact of the U.S. New York stock market closing mixed on weakness in tech stocks. The tech-heavy Nasdaq composite closed at 23,468.30, down 58.87 points, or 0.25%, from the previous session, and the Philadelphia Semiconductor Index, made up of AI and chip-related stocks, plunged 2.48%.
Han Ji-young of Kiwoom Securities said, "After opening lower on mixed U.S. cues, including weakness in U.S. AI names such as Nvidia and Micron and AMD's positive earnings outlook, the indexes are expected to show a lack of clear direction as differentiated price patterns unfold among leading groups such as semiconductors, shipbuilding, and defense."