Samsung, SK Hynix Surge Early Before Closing Near Flat at 0.58% Up and 0.33% Down

Following overnight rallies in U.S. tech stocks, Samsung Electronics surged during early trading today (July 22) before trimming its gains to close near the flat line.

SK Hynix also briefly reclaimed the 2 million won mark before narrowing its gains and closing slightly lower.

Today, Samsung Electronics finished trading up 0.58% from the previous session at 260,500 won.

During the intraday session, it once surged as much as 6.56% to reach 276,000 won.

However, profit-taking and other selling pressure subsequently emerged, reducing the gains.

SK Hynix closed down 0.33% from the previous session at 1,830,000 won.

During trading, it once spiked 9.26%, briefly reclaiming the 2 million won threshold for the first time in four trading sessions since the 15th.

However, profit-taking and other selling pressure emerged during the session, turning the stock lower.

Overnight on Wall Street, the Dow Jones Industrial Average rose 0.74%, the S&P 500 gained 0.89%, and the tech-heavy Nasdaq advanced 1.29%.

In particular, NVIDIA rose 1.97% on news that its next-generation AI server platform, Vera Rubin, has entered mass production and is already being supplied to major clients, while Micron (12.17%) and Broadcom (2.21%) also posted gains.

Consequently, the Philadelphia Semiconductor Index surged 5.21%.

SK Hynix ADRs also jumped 13.75% to close at $171.94.

As a result, both stocks initially showed a trend of expanding their gains during early trading.

Reports that Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, and other business leaders are meeting with NVIDIA CEO Jensen Huang near Silicon Valley in the U.S. this week also appeared to stimulate buying interest early in the session.

However, amid caution ahead of Alphabet's earnings release early tomorrow morning, profit-taking sales emerged, causing the stock prices to reduce their gains.

Today, foreign investors net purchased 587 billion won of Samsung Electronics and 1.257 trillion won of SK Hynix.

On the other hand, retail investors net sold 110 billion won of Samsung Electronics and 219 billion won of SK Hynix, respectively.
※ Please note: This article was translated by AI and may contain errors.