Semiconductor Stocks Surge on Additional Shareholder Returns... Samsung, SK Hynix Up 9-10%

Semiconductor stocks surged as investor sentiment improved following SK Hynix's announcement of additional shareholder return measures today (the 28th).

According to the Korea Exchange, SK Hynix closed the regular session up 10.89% from the previous trading day at 1,487,000 won.

SK Square, which holds a stake in SK Hynix, rose 11.23%.

In addition, KOSPI market heavyweight Samsung Electronics finished trading up 9.01% at 242,000 won.

Related stocks such as Samsung Electronics Preferred (11.10%), Samsung Life Insurance (8.82%), and Samsung C&T (7.81%) also saw sharp increases.

With large-cap semiconductor stocks rising, materials, parts, and equipment (MPE) stocks on the KOSDAQ market were also strong.

Stocks including Jusung Engineering (6.12%), EO Technics (5.95%), Simtech (8.79%), Wonik IPS (6.08%), and Leeno Industrial (3.42%) advanced.

Semiconductor stocks have recently been on an upward trend as investor sentiment revived following Anthropic's submission of its initial public offering (IPO) application.

Overnight in the U.S. New York market, major AI infrastructure stocks also showed strength on news that Anthropic and Broadcom had signed an AI semiconductor contract worth 63 billion dollars.

In addition, before the regular market opening today, SK Hynix announced an additional shareholder return plan worth 60 trillion won, drawing a wave of buying into related stocks.

Combined with the 40 trillion won in treasury stock repurchases recently completed, this year's total shareholder return scale reaches 100 trillion won.

Third-quarter operating profit exceeded 83 trillion won, continuing a record-breaking earnings streak.

Samsung Electronics is scheduled to release its detailed third-quarter scorecard tomorrow on the 29th.

As the semiconductor super-cycle continues driven by AI infrastructure expansion, the Device Solutions (DS) division, which handles the semiconductor business, is expected to have single-handedly driven company-wide operating profit close to 110 trillion won.

Lee Kyung-min, an analyst at Daishin Securities, noted, "SK Hynix's stellar performance and the expansion of long-term supply contracts have reaffirmed solid forecasts for memory demand and earnings growth," adding, "Stronger downside support and rebound momentum for stock prices are also anticipated thanks to the supply-demand buffering effect from large-scale shareholder returns."
※ Please note: This article was translated by AI and may contain errors.