Samsung Electronics and SK Hynix each unveiled major financial plans on Monday at a press conference in Seoul. None of the announcements prevented their stocks from plummeting.
Samsung fell 5.3% to 321,500 wins from Friday’s close to 339,500 wins. SK Hynix fell 3.4% to 2,583,000 wins from 2,673,000 wins. The KOSPI settled near 8,258, down from 8,411.
Why Announcements Didn’t Move Markets Higher
Samsung Group provided 1,000 trillion won for President Lee Jae-myung. The SK Group is following a 1,000 trillion winning strategy. It all covers new semiconductor fabrics, AI data centers, and chip cluster development over the next decade. Chance report the combined figure is about $1.3 trillion.
Markets fell. History of Korea Exchange removed its launch of weekly contractor selections tied to Samsung, SK Hynix, Hyundai Motor, and LG Energy Solution. Managers pulled the deal after traders poured into ETFs with two-daily shares, pushing Volatility of KOSPI high quality photography. That decision removed an important tool for short-term traders and hit the speculative appetite immediately.
Chip Selloff and Middle East Pressure Compound the Pain
Global technology sentiment remained negative. Last week, The South Korean market caused a stir double the fear of AI chip calculations. Samsung and SK Hynix make up about 42% of the KOSPI, so each chip sale hits Seoul hard. South Korean wholesalers those who borrowed heavily in recent rallies are now facing heavy losses.
The crisis in the Middle East added to the problems. US they attacked Iranian forces at the end of the week. The two groups agreed to stop the attacks and met on Tuesday in Doha. Japan’s Nikkei 225 also fell as SoftBank retreated, extending its return after six straight losses.
A note Samsung and SK Hynix Fall Despite Different $1.3 Trillion Chip Plans appeared for the first time BeInCrypto.
