As U.S. stocks closed higher overnight on expectations that Middle East tensions will ease, Korea's blue chips Samsung Electronics and SK hynix also surged in early trading on the 5th.
As of 9:28 a.m. that day, Samsung Electronics was trading at 197,700 won, up 25,500 won (14.81%) from the previous session. SK hynix was also up 15.90% at the same time, at 984,000 won.
On the 3rd–4th, as geopolitical risk spread across financial markets, the two stocks that had led the rally at the start of the year fell sharply. Samsung Electronics dropped 20.46%, and SK hynix fell 19.98%. However, as concerns eased quickly, they are rebounding sharply.
Seo Sang-young, a researcher at Mirae Asset Securities, said, "Given that memory chip prices remain solid and expectations for strong first-quarter results are alive, if the Iran conflict stays within a controllable range, the index will rebound steeply."