Samsung Electronics and SK hynix, Korea's major semiconductor blue chips, were strong early on the 10th. Investor sentiment appeared to improve on overnight news that U.S. President Donald Trump said "the war could end soon."
As of 9:26 a.m. that day, Samsung Electronics was trading at 187,700 won, up 14,200 won (8.18%) from the previous session. SK hynix rose 9.57% to 916,000 won at the same time.
The previous day, international oil prices surged and top KOSPI market-cap stocks such as Samsung Electronics and SK hynix fell across the board, but growing expectations for an end to the war led to a rebound within a day.
U.S. broadcaster CBS reported on the 9th (local time) that President Trump said in an interview, "The war is almost wrapped up. The war could end soon." Trump said, "The war is proceeding much faster than the 4–5 week timeline I initially expected," adding, "They've already fired everything they had, so it would be better not to try anything cute."
Kim Young-geon, an analyst at Mirae Asset Securities, said in a report that day, "It is hard to predict the timing of the end of the war, so uncertainty remains, but leading indicators for the memory cycle are still solid," adding, "If anything, the price appeal and dividend yield for Samsung Electronics' stock have risen meaningfully."
He added, "We judge that Samsung Electronics' share price is more likely to find its footing as robust earnings tallies and disclosures draw near."