▲ Samsung Electronics and SK Hynix
Samsung Electronics closed 1.29% lower on the main bourse today (Oct. 7), just a day ahead of its preliminary third-quarter earnings announcement.
SK Hynix also fell nearly 3%, extending its losing streak to a second consecutive day.
On this day in the KOSPI market, Samsung Electronics finished the regular session down 1.29% from the previous trading day at 268,500 won.
Opening 0.92% lower at 269,500 won, Samsung quickly recovered its early losses and turned upward.
During the morning session, it climbed as much as 2.76% to 279,500 won, but gradually gave up its gains and ultimately finished the day in negative territory.
SK Hynix closed the session down 2.82% from the previous day at 1.723 million won.
SK Hynix slipped right after the market opened to 1.725 million won (-2.71%), but showed a trend of quickly narrowing its losses.
The stock briefly turned higher, rising 0.34% to 1.779 million won, but soon turned downward again.
As the surge in major countries' government bond yields—which had been weighing on global financial markets—calmed down, Wall Street closed stronger overnight, and the Philadelphia Semiconductor Index also rose 0.34%.,
However, while capital concentrated on large-cap artificial intelligence (AI) semiconductor stocks, memory semiconductors and storage overall remained sluggish, with Micron (-1.73%) and SanDisk (-2.56%) declining.
SK Hynix's American Depositary Receipts (ADRs) plummeted 6.39%, highlighted by concerns over third-quarter earnings stemming from the strong won and the burden of large-scale performance-based bonus provisions.
Nevertheless, even though global stock markets maintained a strong rally during the Gaecheonjeol (National Foundation Day) holiday period, bargain hunting—prompted by Samsung dropping 1.45% and SK Hynix falling 3.69% the previous day—initially appeared to lift share prices in early trading.
However, caution regarding earnings gradually heightened ahead of Samsung Electronics' preliminary third-quarter earnings release.
On the main stock market, individual investors were net buyers, purchasing a net 2.5611 trillion won.
Foreigners and institutional investors were net sellers, offloading a net 2.6087 trillion won and 672.7 billion won, respectively.
In the KOSPI electrical and electronic sector, which includes Samsung Electronics and SK Hynix, individual investors maintained a buying advantage of 2 trillion won, while foreigners and institutions recorded selling advantages of 2.0924 trillion won and 607 billion won.
Meanwhile, other corporations, which have recently emerged as a major supply-and-demand player due to treasury stock repurchases by Samsung Electronics and SK Hynix, net purchased 685.8 billion won in the KOSPI electrical and electronic sector.
SK Hynix ranked first in foreign net selling on this day (1.3633 trillion won).
Institutions also posted their largest net sales in Samsung Electronics (203.4 billion won) and SK Hynix (176.4 billion won) in that order.
(Photo: Yonhap News)
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