Samsung Electronics and SK hynix shares were weak early on the 2nd. It is interpreted as fallout from the high volatility in U.S. stocks over the weekend.
As of 10:04 a.m. that day, Samsung Electronics stock was trading on the Korea Exchange at 159,200 won, down 0.81% (1,300 won) from the previous session.
SK hynix was also at 886,000 won, down 2.53% (23,000 won) from the previous session.
Earlier, U.S. President Donald Trump nominated former Federal Reserve Governor Kevin Warsh as the new chair of the Federal Reserve (Fed). Warsh is viewed as a hawk, prompting analysis that the Fed is now less likely to pursue additional rate cuts.
U.S. stocks were weak. The Nasdaq composite fell 0.94% to close on the 30th of last month (local time), and the S&P 500 and the Dow Jones also fell 0.43% and 0.36%, respectively, logging a broad downturn. Prices of precious metals, including gold and silver, and crypto assets also plunged. The dollar, however, strengthened.