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When will Supercycle come? Semiconductor stock prices are on a downhill road

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KRX Semiconductor Index 10% for 3 weeks ↓… Samsung Electronics and SK Hynix lowered the joint lows

Semiconductor stocks, which had been struggling high at the beginning of this year in the prospect of a long-term semiconductor boom, a so-called’semiconductor supercycle’, are showing a sluggish trend.

According to the Korea Exchange on the 16th, the’KRX Semiconductor Index’ and’KRX Information Technology Index’ fell 9.76% and 8.45%, respectively, for three weeks from the 26th of last month to the 14th of this month.

The two indices fell by the largest of the 17 KRX sector indices during this period, and fell significantly below the KOSPI fluctuation rate (-1.03%).

Although there is no Samsung Electronics in the semiconductor index, 37 semiconductor stocks such as SK Hynix were included, and 52 IT-related stocks were included in the information technology index, including Samsung Electronics and SK Hynix.

In other words, Samsung Electronics and SK Hynix, both semiconductor chiefs and KOSPI chiefs, led the decline in the index of each industry.

Over the past three weeks, the shares of Samsung Electronics and SK Hynix have fallen 3.26% and 10.57%, respectively.

Samsung Electronics closed at 78,000 won on the 13th, and the closing price fell to 70,000 won in about five months after last year’s December 29th (78,300 won).

SK Hynix also pushed the closing price to 110,000 won for the first time this year on the 12th.

Recently, the stock price has fallen by more than 20% from its initial point in March.

This share price decline was led by foreigners.

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For three weeks, foreigners net sold Samsung Electronics and SK Hynix for 3,7665 billion won and 9602 billion won, respectively.

During the same period, not only Samsung Electronics and SK Hynix, but also Wonik IPS (-9.73%), DB Hitech (-9.03%), Reno Industrial (-7.02%), TCK (-23.39%), Ko Young (-9.35%), Hanmi Semiconductor (-9.35%), and Hanmi Semiconductor ( Semiconductor equipment stocks such as -8.11%) also went downhill.

When will'Super Cycle' come...  Semiconductor stock prices are on a downhill road

In the market, weight was put on the prospect of entering the’semiconductor supercycle’ as memory semiconductor prices rose in earnest this year.

It is predicted that a long-term semiconductor boom will begin as supply cannot keep up with the rapidly increasing demand for semiconductors due to the expansion of IT device sales and the expansion of data servers for cloud.

In anticipation of a strong semiconductor industry, the stock investment craze has led individual investors to net purchases of Samsung Electronics and SK Hynix, respectively, of 22.69 billion won and 3,263 trillion won.

However, as the fatigue from the short-term surge in stock prices accumulates and the global semiconductor supply and demand uncertainty grows, semiconductor stocks have entered a correction.

As semiconductor chip shortages became more serious, concerns about production disruptions in finished cars and smartphones emerged, and investment sentiment in semiconductors also declined.

In addition, the recent inflationary pressure and the prospect of rising interest rates weighed on technology stock investment sentiment, and semiconductor stocks struggled in the global stock market.

The US Philadelphia Semiconductor Index fell more than 10% from its peak in early April.

Taiwan TSMC, the world’s largest semiconductor consignment manufacturing company, also plunged due to sluggish performance.

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Noh Geun-chang, head of Hyundai Motor Securities Research Center, explained, “The investment sentiment in the IT hardware industry is rapidly deteriorating due to the decrease in sales in April of TSMC, the decrease in sales in the second quarter of Intel, the shortage of low-cost semiconductor parts, and the re-proliferation of Corona 19 in India.”

However, “Samsung Electronics and SK Hynix are expected to continue their earnings improvement in the second quarter in the third quarter.” “I do” he added.

/yunhap news

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