Feb 8 • 23:49 UTC 🇰🇷 Korea Hankyoreh (KR)

Samsung Electronics and SK Hynix Surge Over 5% in Pre-Market

Samsung Electronics and SK Hynix experienced significant pre-market gains of over 5% on a South Korean exchange amidst a volatile stock environment.

On the 9th, during the pre-market session on the alternative exchange Nextrade, major stocks such as Samsung Electronics and SK Hynix showed remarkable increases. By 9:20 AM, Samsung Electronics was trading at 166,500 won, up by 4.98% from the previous trading day, while SK Hynix also saw a gain of 5.6%, reaching 886,000 won. Hyundai Motors and LG Energy Solutions also experienced upward trends, indicating a broad rally among the leading top 100 stocks by market capitalization.

The prior trading day had witnessed a sharp decline in the Seoul stock market, with the KOSPI index briefly dropping over 5%, marking a significant downturn as it fell below the 4900 level before closing down by 1.44% at 5089.14. This volatility in the market reflects concerns among investors about various economic factors that have been affecting stocks in recent times.

In contrast, the New York Stock Exchange saw significant gains, with the Dow Jones Industrial Average surging 2.47% to close above 50,000 for the first time, indicating a positive shift in investor sentiment. This divergence between the South Korean and U.S. markets paints a complex picture, suggesting that while local stocks are recovering, global markets may be lifting investor confidence amidst uncertainties.

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