Samsung Electronics and SK hynix fell below 270,000 won and 2 million won, respectively, in the aftermarket on the 8th. It is seen as the result of renewed focus on Middle East tensions as semiconductor investment sentiment freezes.
According to NEXTRADE (NXT), as of 6:15 p.m. on the 8th, Samsung Electronics was trading in the aftermarket at 264,500 won, down 31,500 won (10.64%) from the previous day.
Samsung Electronics closed the regular session down 6.25% at 277,500 won. Combining the Korea Exchange (KRX) and NEXTRADE (NXT), this is the first time Samsung Electronics has printed in the 260,000-won range since May 20.
SK hynix was trading in the aftermarket at 1,988,000 won, down 213,000 won (9.68%) from the previous day. SK hynix fell below 2 million won intraday for the first time since the 11th of last month. SK hynix closed the regular session down 5.68% at 2,076,000 won.
The KOSPI index plunged for a second straight day in the regular session, slipping to the 7,200 level. After Samsung Electronics released its preliminary second-quarter results the previous day, the "semiconductor peak theory" resurfaced and dented investor sentiment.
Escalating military clashes in the Middle East also contributed. During the session came word that, immediately after large-scale U.S. airstrikes, Iran conducted targeted airstrikes on 85 facilities in Bahrain and Kuwait where U.S. military bases are located.
Oil prices and government bond yields rose as a result. At the same time, September delivery Brent futures were up 3.18% at $76.52, and West Texas Intermediate (WTI) futures were up 3.15% at $72.65, respectively, in transactions. The U.S. 10-year Government Bonds yield was up 0.49% at 4.55%.