Samsung and SK Hynix Stock Recoveries Amid War Shock
Samsung Electronics and SK Hynix stocks have shown significant recovery since the U.S.-Iran war began, with Samsung's share price reaching 200,000 KRW and SK Hynix reaching 1,000,000 KRW.
Following the outbreak of the U.S.-Iran war, the stock market faced notable turbulence, but semiconductor companies exhibited remarkable resilience. On March 18, the Korea Exchange reported that Samsung Electronics saw its share price rise by 3.4%, starting at 200,500 KRW. This recovery has been consistent over three consecutive days, rebounding from a low of 172,200 KRW experienced on March 4 after the conflict started, with its peak earlier this year hitting 218,000 KRW on February 26.
Similarly, SK Hynix's stock also performed well, climbing 3.09% to open at 1,000,000 KRW. This companyβs shares had previously peaked at 1,099,000 KRW on February 26, before dropping to 836,000 KRW by March 9, and are now on an upward trajectory. The broader implications of these recoveries are reflected in the performance of major stock indices, suggesting a growing investor confidence in semiconductor demand despite global tensions.
The news from the New York Stock Exchange also supports this trend, where major indices saw slight upticks, and Micron Technology, a key player in memory semiconductors, experienced a notable 4.5% rise. This increase can be attributed to strong memory demand expectations, which has resulted in a 12% increase in Micronβs share price from the end of February to mid-March. Overall, both the South Korean stock market and major semiconductor firms show signs of resilience in the face of global uncertainties.