Samsung Electronics and SK hynix shares hit all-time highs on the 28th. With their earnings announcements due on the 29th, optimism over strong results appears to be flowing in.
As of 9:21 a.m. that day, Samsung Electronics stock was trading at 161,300 won on the main bourse, up 1.13% (1,800 won) from the previous day. Right after the opening, Samsung Electronics rose to as high as 162,700 won, setting a record high.
SK hynix was up 1.13% (9,000 won) at 809,000 won. SK hynix also climbed to as high as 815,000 won intraday, rewriting its all-time high.
It appears to have been influenced by the U.S. stock market's higher close overnight on expectations of "surprise earnings" from tech stocks. Tesla, Microsoft and Meta, part of the "Magnificent 7 (M7)," are set to report earnings on the 28th. The Philadelphia Semiconductor Index rose 2.4%.
Samsung Electronics and SK hynix are also set to announce earnings on the 29th. Optimism over strong results is flowing in as a result.