Samsung Electronics and SK hynix plunged in the premarket after U.S. stocks closed lower overnight on concerns about artificial intelligence (AI).
As of 8:28 a.m. on the 6th, in the premarket, Samsung Electronics was trading at 155,000 won, down 4,300 won (2.7%) from the previous session. At the open, it briefly went straight to the lower limit and a volatility interruption (VI) was triggered.
At the same time, SK hynix was trading at 815,000 won, down 27,000 won (3.21%) from the previous session. SK hynix slipped to as low as 804,000 won early in the session and briefly hit the lower limit.
Overnight in New York, the Dow Jones Industrial Average finished at 48,908.72, down 592.58 points (1.20%) from the previous session. The Standard & Poor's (S&P) 500 index fell 84.32 points (1.23%) to 6,798.40, and the Nasdaq composite ended down 363.99 points (1.59%) at 22,540.59.
However, the premarket has lower volume and liquidity than regular hours, so even a small number of orders can move prices significantly.