As disappointment spread over overnight earnings from U.S. chip company Broadcom, Samsung Electronics and SK hynix, which had been leading the domestic market, are showing simultaneous weakness early in the session. Single-stock leverage products that track the two corporations' share prices are also showing losses in the 14%–18% range.
At 10:10 a.m. on the 5th in the Korea Exchange, Samsung Electronics was trading at 327,500 won, down 24,000 won (6.83%) from the previous session's close. At the same time, SK hynix was also trading at 2,093,000 won, down 205,000 won (8.92%).
Single-stock leverage products that track the two corporations' share prices are also seeing steep declines.
KIWOOM SK hynix Futures Single-Stock Leverage, TIGER SK hynix Single-Stock Leverage, and ACE SK hynix Single-Stock Leverage, which track SK hynix shares at 2 times, are posting losses in the 17%–18% range.
At the same time, 1Q Samsung Electronics Futures Single-Stock Leverage, PLUS Samsung Electronics Single-Stock Leverage, ACE Samsung Electronics Single-Stock Leverage, and KIWOOM Samsung Electronics Futures Single-Stock Leverage—2x leverage products tracking Samsung Electronics shares—are also down about 14%.
By contrast, single-stock inverse 2x (double inverse) leverage products that track the two corporations' share prices in the opposite direction are up in the 14%–15% range.
PLUS Samsung Electronics Futures Single-Stock Leverage is trading at 15,330 won, up 1,980 won (14.83%) from the previous session. SOL SK hynix Futures Single-Stock Leverage is also trading at 18,280 won, up 2,710 won (17.41%).
As most semiconductor stocks fell in New York the previous day, investor sentiment in the domestic market appears to have weakened. When U.S. chip company Broadcom's earnings fell short of market expectations, semiconductor stocks corrected, and the domestic market is swinging on this day as well.