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Samsung Electronics and SK hynix rebound in early trading after plunge on Chinese tech threat

Samsung Electronics and SK hynix rebound in early trading after plunge on Chinese tech threat

[Notable Stocks]

Money Today Notable Stocks graphic image
Money Today Notable Stocks graphic image

Samsung Electronics and SK hynix are rising in the early session. The rebound appears to be driven by bargain-hunting inflows following the sharp drop in both stocks on the previous day.

As of 9:13 a.m. on the 14th, Samsung Electronics was trading at 240,500 won, up 8,500 won (3.66%) from the previous day's close.

SK hynix stood at 1,478,000 won, up 35,000 won (2.43%) from the previous day.

On the previous day, Samsung Electronics and SK hynix plunged by 7.29% and 10.09%, respectively. The two stocks fell on news that Chinese memory semiconductor company Changxin Memory Technologies (CXMT) plans to release server-grade semiconductors within the year.

"This article was translated using AI and may differ slightly from the original."