Shares of Samsung Electronics and SK hynix, the leading domestic semiconductor stocks, were strong in early trading on the 24th. After U.S. President Donald Trump said he would delay military strikes for five days to allow talks with Iran to proceed, tensions in the Middle East eased compared to before, drawing in buying.
As of 9:25 a.m. that day, SK hynix was trading at 986,500 won, up 53,500 won (5.73%) from the previous session. At the same time, Samsung Electronics was up 3.65% at 193,100 won. Both stocks rebounded for the first time in four sessions.
On the 23rd (local time), President Trump said on his social media Truth Social, "Over the past two days, the United States and Iran have had very beneficial and productive conversations to completely end hostile acts in the Middle East," adding, "Based on in-depth and constructive discussions, I have directed the Ministry of National Defense to postpone for five days military strikes on Iran's power plants and energy infrastructure."
Earlier, on the 21st, President Trump sent an ultimatum that if Iran did not open the Strait of Hormuz within 48 hours, he would strike power plants and lay them to waste. However, as the deadline approached, he announced a delay in strikes along with progress in talks, signaling a change in stance.
However, according to Iran's state-run IRNA news agency, the Foreign Ministry Spokesperson said, "During the past 24 days, when an imposed war has continued, there have been no negotiations or talks with the United States."