Samsung Electronics shares topped 200,000 won intraday on the 24th, setting a new all-time high. SK hynix also achieved the "1 million nix" milestone and is strong.
As of 2:23 p.m. that day, Samsung Electronics was trading at 199,700 won, up 6,700 won (3.47%) from the previous session. It touched 200,000 won intraday, successfully reaching the "200,000 Electronics" mark.
At the same time, SK hynix was up 4.89% at 997,500 won in transaction. At one point, it surged to as high as 1,003,000 won.
With Samsung Electronics and SK hynix, the KOSPI's bellwethers, both strong that day, the KOSPI index was on the verge of "six-thousand-pi (KOSPI 6000)." The KOSPI index rose 2.02% from the previous session to 5,964.10.
Overnight in New York, tech stocks were weak on concerns about artificial intelligence (AI) investment, but at home, expectations for earnings appeared to persist. Institutions made a net purchase of 2.3284 trillion won in stocks, while individuals and foreigners logged net sales of 2.1003 trillion won and 276.7 billion won, respectively.
Seo Sang-young, a researcher at Mirae Asset Securities, said, "Samsung Electronics and SK hynix are leading the KOSPI's gains," and noted, "Their catalysts are not clear, but expectations for Nvidia's results and for upward revisions on earnings as semiconductor prices continue to rise seem to be at work."
Seo added, "The strength of Asian semiconductor-related shares such as TSMC also supported investor sentiment," and said, "In Europe, D-RAM prices for personal PCs fell on a call basis, but industrial use is more important, so the impact is limited."