Home Business Lee Jae-yong’s US business trip effect… What happened to Samsung Electronics 52 soaring?

Lee Jae-yong’s US business trip effect… What happened to Samsung Electronics 52 soaring?

by news dir

Samsung Electronics Vice Chairman Lee Jae-yong is leaving through the Gimpo Business Aviation Center in Seoul on the morning of the 14th for a business trip to Canada and the United States. /Photo = Yonhap News

Samsung(74,900 +5.20%)and SK hynix(119,500 +7.17%)has risen for a long time. Thanks to this, the KOSPI index recaptured the 3,000 level in 14 trading days.

On the 22nd, the KOSPI finished trading at 3013.25, up 1.42%. Foreigners and institutional investors net bought about 796.4 billion won and 567.1 billion won, respectively, leading the index’s rise. Foreign net purchases are the largest since August 31 (1.12 trillion won).

Samsung Electronics and SK Hynix ranked first and second in their net buying. Samsung Electronics finished trading at 74,900 won, up 5.2 percent, and SK Hynix at 119,500 won, up 7.17 percent. It was the largest increase since January 8 (7.12%) for Samsung Electronics and February 25 (9.19%) for SK Hynix this year.

Until the 19th of this year, foreigners and institutions sold Samsung Electronics and SK Hynix worth 36 trillion won and 4.3 trillion won, respectively. This was because of the negative outlook for the memory semiconductor industry. However, investor sentiment is recovering as the forecast that this downcycle will not be as big as expected. Micron of the United States, the three largest memory semiconductor maker, also finished trading at $83.03, up 7.8% on the 19th.

Morgan Stanley on the 19th of Samsung Electronics said, “Although memory prices are weak, the price in the fourth quarter is less worse than analysts’ expectations.” did. Cloud server investment is essential to build the metaverse ecosystem. Meta (formerly Facebook) and Microsoft (MS) leading the metaverse ecosystem are also companies that build cloud servers.

Samsung Electronics’ 20 trillion won investment in a Texas foundry is about to be announced, and Samsung Electronics Vice Chairman Jae-yong Lee’s overseas business trip is also raising expectations for M&A.

Shinhan Asset Management’s Alpha Management Center head Jeong Seong-han said, “The bad news such as supply chain disruptions and suspension of new investments are turning to good news. . Wonik IPS today(43,700 +13.07%), Eugene Tech(54,800 +14.29%) Semiconductor equipment stocks, which had been stagnant for a while, also surged.

Reporter Ko Jae-yeon [email protected]

ⓒ Hankyung.com, unauthorized reprinting and redistribution prohibited

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