Major domestic semiconductor stocks such as Samsung Electronics and SK Hynix are trading lower in the pre-market on the 23rd. This is interpreted as a ripple effect of the sharp decline in the New York stock market overnight amid concerns over excessive investment in artificial intelligence (AI).
At 8:19 a.m., on NextTrade, Samsung Electronics was trading at 205,500 won, down 9,000 won (4.20%) from the previous close, while SK Hynix was trading at 1,194,000 won, down 29,000 won (2.37%).
Related stocks in the industrial and equity sectors: Samsung Electro-Mechanics is trading at 1,099,000 won, down 46,000 won (4.02%); Samsung C&T is trading at 280,000 won, down 8,500 won (2.95%); and SK Square is trading at 1,194,000 won, down 9,000 won (1.20%).
Among top market capitalization stocks, SK Hynix and SK Square are showing relatively narrow declines. This is interpreted as being influenced by SK Hynix's disclosure before the pre-market open that it would withdraw its Solidigm initial public offering (IPO) and pre-IPO, thereby dispelling controversy over duplicate listings.
On the 22nd (local time), selling intensified in technology stocks on the New York stock market, causing the NASDAQ Composite Index to fall 2.6% from the previous day and the S&P 500 Index to drop 1.21%.
The Philadelphia Semiconductor Index plunged 6.72%. Among major indices, the Dow Jones 30 Industrial Average, which has a lower weighting in technology stocks, rose 0.02%.
Meta's quarterly earnings, released after the previous day's market close, are cited as the background for the intensified local selling. Meta closed trading at $648.85, down 6.98% during regular hours.
in STOCK
