SK Hynix Surges 11% to Reclaim 2 Million Won, Samsung Electronics Up 6% Following ADR Rally

Shares of Samsung Electronics and SK Hynix are surging today, July 15, buoyed by positive momentum from the United States.
As of 9:16 a.m. today, Samsung Electronics is trading at 278,000 won, up 5.70% from the previous trading session.
During the session, the stock price briefly soared to as high as 284,000 won.
After plummeting by more than 10% on July 13, Samsung Electronics rose 3% yesterday and is continuing its upward trend for the second consecutive day.
At the same time, SK Hynix is trading at 2,109,000 won, up 10.25%, successfully reclaiming the 2 million won mark.
Subsequently, Samsung Electronics and SK Hynix expanded their gains to the 6% and 11% ranges, respectively.
Overnight, the three major U.S. stock indices closed higher as concerns over inflation in the United States eased.
The Dow Jones Industrial Average rose 0.02%, while the S&P 500 and the Nasdaq Composite climbed 0.38% and 0.90%, respectively.
The rise in the June Consumer Price Index (CPI) came in lower than expected, which helped alleviate concerns regarding U.S. interest rate hikes.
Amid this, major semiconductor stocks showed strong performance, including AI chip leader Nvidia (4.06%), Micron (4.92%), SanDisk (5.01%), Intel (4.50%), and AMD (2.57%).
Currently, foreign investors and institutions are net buying 329.7 billion won and 3.8 billion won worth of shares in the KOSPI electrical and electronics sector, respectively.
On the other hand, retail investors are net selling 340.3 billion won.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.