On the morning of the 17th, shares of Samsung Electronics and SK hynix, the leading semiconductor stocks, were strong, up in the 3% and 5% ranges, respectively.
As of 9:39 a.m. that day, Samsung Electronics was trading at 100,200 won on the Korea Exchange, up 3,000 won (3.09%) from the previous session. At the same time, SK hynix was at 592,500 won, up 32,500 won (5.8%).
It is seen as reflecting a rebound in semiconductor-related stocks, including Micron and Nvidia, on the New York stock market last week. On the 14th (local time), Micron rose 4.17% and Nvidia closed up 1.77%. With reports that Samsung Electronics raised memory prices, bargain hunting flowed into shares that had plunged on concerns about an artificial intelligence (AI) bubble and fading expectations for interest rate cuts.
Seo Sang-young, a researcher at Mirae Asset Securities, said, "Micron surged on the New York market last Friday, reviving investor sentiment for semiconductor stocks," and noted, "At the time, as talk spread that Samsung Electronics would raise memory prices by 60%, related stocks were strong."