On the 5th in the morning, Samsung Electronics and SK hynix, the leading stocks in the domestic market, both hit record highs.
As of 9:40 a.m. that day, Samsung Electronics was trading at 134,500 won, up 6,000 won (4.67%) from the previous session. The share price rose to as high as 136,900 won right after the open.
At the same time, SK hynix was trading at 689,000 won, up 12,000 won (1.77%) from the previous close. It jumped to 700,000 won early in the session, logging "700,000-nix," and, alongside Samsung Electronics, set a new record high.
Samsung Electronics is set to announce results for the fourth quarter of last year (Oct.–Dec.) on the 8th. As the pace of its memory-centered structural improvement accelerates, brokerages' views that it will post an earnings surprise have appeared to spur investor sentiment.
Jeong Min-gyu, an analyst at Sangsangin Investment & Securities, said that day, "With expanded supply volumes at key client companies, an improved mix centered on high value-added products, and a structural uptrend in prices for commodity memory, sharp earnings improvement is expected in the Device Solutions (DS) institutional sector," adding, "In the fourth quarter of last year (Oct.–Dec.), revenue is expected to be 90.1 trillion won and operating profit 18.7 trillion won, with operating profit far exceeding the market consensus (16.5 trillion won)."