[Edaily Reporter Kim Kyung-eun] Major domestic semiconductor stocks #Samsung Electronics and #SK Hynix are trading lower in early trading on the 5th. This is believed to be due to the impact of semiconductor stocks closing lower on the New York Stock Exchange overnight following the "Broadcom shock."

According to MP Doctor, as of 9:06 a.m. today, Samsung Electronics is trading at 333,000 won, down 18,500 won (5.26%) from the previous close. At the same time, SK Hynix is trading at 2,137,000 won, down 61,000 won (7.01%) from the previous trading day.

This is interpreted as a result of weakened investor sentiment following a decline in the semiconductor sector on the New York Stock Exchange on the 4th (local time). Broadcom plunged 12.59% after presenting guidance that fell short of market expectations. Profit-taking selling pressure flooded the entire semiconductor sector, affecting companies such as Micron Technology (-7.74%), SanDisk (-3.92%), and Western Digital (-3.13%).

Han Ji-young, an analyst at Kiwoom Securities, noted, “Since June, volatility has increased among semiconductor stocks—such as Micron and SanDisk—that had been leading the U.S. market.” She added, “The fact that these stocks plummeted in tandem yesterday due to negative news from Broadcom is prompting holders to consider reducing their positions.”

However, she explained, “The recent correction in these leading stocks was not driven by fundamental or macroeconomic headwinds, such as the imminent downturn in the memory market cycle or increased discount rate pressure due to surging U.S. interest rates.” She added, “Rather, it appears to be largely a temporary surge of investors looking to take profits following specific events, as market expectations have risen in the short term due to consecutive record highs.”