▲ Samsung Electronics and SK Hynix
On September 28, the first trading day after the Chuseok holiday, Samsung Electronics and SK Hynix both closed down by over 5%.
In the main bourse, Samsung Electronics finished the session at 270,000 won, down 5.43% from the previous trading day.
Starting lower at 284,500 won, down 0.35%, Samsung Electronics briefly recovered to its previous closing level during the session before sharply expanding its losses.
SK Hynix also closed down 5.05% from the previous session at 1,768,000 won.
After opening at 1,825,000 won (-1.99%), SK Hynix maintained a downward trajectory throughout the day.
Strong downward pressure was exerted on large-cap semiconductor stocks as global stock market events that occurred during the market closure were reflected all at once.
Regarding SK Hynix, rumors surrounding the potential U.S. initial public offering (IPO) of its granddaughter company, Solidigm, appear to have also impacted the stock price, raising concerns over double-listing and the dilution of minority shareholder value.
On this day in the KOSPI market, foreign investors and institutional investors net sold 3.2403 trillion won and 1.0174 trillion won, respectively.
Individual investors net bought 2.6053 trillion won.
In the KOSPI electrical and electronic sector, which includes Samsung Electronics and SK Hynix, foreign and institutional investors were also net sellers at 3.6006 trillion won and 1.0784 trillion won, respectively, while individual investors recorded a net purchase of 3.0331 trillion won.
Other corporations, which had recently recorded large-scale net purchases driven by share buybacks from Samsung Electronics and SK Hynix, net bought 1.6317 trillion won.
Meanwhile, SK Hynix and Samsung Electronics ranked first and second, respectively, among the top stocks net sold by foreign investors on this day.
Foreigners net sold 1.7275 trillion won worth of SK Hynix and 1.3757 trillion won worth of Samsung Electronics.
Institutions also posted the highest net selling in Samsung Electronics (664.4 billion won) and SK Hynix (491 billion won).
(Photo: Yonhap News)
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