Samsung Electronics Surges Over 3% Ahead of Holiday Break, SK Hynix Up 1.2%

Samsung Electronics and SK Hynix finished regular trading on the 23rd with gains of over 3% and 1%, respectively.

On this day in the KOSPI market, Samsung Electronics closed up 3.25% from the previous session at 285,500 won.

Opening at 284,500 won, up 2.89%, Samsung Electronics momentarily slipped to 281,000 won (+1.63%) with its gains narrowing, but resumed an upward trajectory in the afternoon.

SK Hynix also closed up 1.20% from the previous session at 1,862,000 won.

SK Hynix touched 1,900,000 won (+3.26%) immediately after the market opened before giving back a significant portion of its gains.

The momentum from overnight rallies in AI-related stocks on Wall Street spilled over into large-cap domestic semiconductor shares.

As Nvidia (0.66%) and Micron (5.00%) advanced, the Philadelphia Semiconductor Index rose 2.06%.

Key factors cited include the inflow of buying power driven by declining international oil prices and lower Treasury yields, the box-office success of Meta's AI agent Muse, and expectations of increased demand for server DRAM.

SK Hynix's American Depositary Receipts (ADRs) also closed up 3.45% at $195.37.

It is known that SK Hynix ADRs were incorporated into major semiconductor indices faster than expected by the brokerage community, recently becoming a component of the iShares Semiconductor ETF (SOXX), a major passive ETF tracking the NYSE Semiconductor Index (ICESEMI).

For Samsung Electronics, the imminent approach of the third-quarter dividend record date on the 30th also acted positively on its stock price.

Last month, Samsung Electronics' board of directors resolved to implement a shareholder return plan worth 90 trillion to 110 trillion won, which includes cash dividends of approximately 30 trillion won.

However, profit-taking led primarily by retail investors ahead of the Chuseok holiday appeared to cap further upside.

In the KOSPI market on this day, retail investors and foreign investors net sold 1.4396 trillion won and 504.7 billion won, respectively.

Institutional investors net bought 316.9 billion won.

In the KOSPI electrical and electronic sector, to which Samsung Electronics and SK Hynix belong, retail investors were net sellers alone, recording an excess sale of 2.2772 trillion won, while foreign and institutional investors recorded excess purchases of 33.7 billion won and 629.1 billion won.

Amid ongoing treasury stock repurchases by Samsung Electronics and SK Hynix, other corporations net bought 1.6224 trillion won in the KOSPI electrical and electronic sector.

Samsung Electronics and SK Hynix ranked first in net purchases and first in net sales by foreign investors on this day, respectively.

Foreign investors net bought 1.2827 trillion won worth of Samsung Electronics shares and net sold 1.2022 trillion won worth of SK Hynix shares.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.