[Edaily Reporter Kim Kyung-eun] Major KOSPI blue-chip stocks, including Samsung Electronics and SK Hynix, are trading higher in pre-market trading ahead of the market opening on the 9th.
According to Nextrade (NXT) on the 9th, as of 8:22 a.m. today, #Samsung Electronics is trading at 311,000 won, up 15,000 won (5.25%) from the previous trading day.
#SK Hynix is trading at 2.06 million won, up 49,000 won (7.80%) from the previous session.
In addition, most of the top market cap stocks, including #SK Square (5.28%), #Hyundai Motor (3.91%), #Samsung Electro-Mechanics (5.83%), #LG Energy Solution (2.57%), and #Samsung Life Insurance (3.99%), are on the rise.
This is interpreted as a result of the New York stock market rebounding, led by tech stocks, after Israel and Iran halted further attacks overnight.
On the 8th (local time), the S&P 500 index closed at 7,405.73, up 21.99 points (0.30%) from the previous session, while the tech-heavy Nasdaq Composite Index closed at 25,929.66, up 220.23 points (0.86%) from the previous session. However, the Dow Jones Industrial Average closed at 50,786.01, down 80.77 points (0.16%) from the previous session.
Han Ji-young, an analyst at Kiwoom Securities, predicted, “The domestic stock market is expected to recover from yesterday’s sharp decline, led by oversold leading stocks such as semiconductor shares, thanks to the rebound in U.S. semiconductor stocks, the KOSPI 200 overnight futures rising by around 5.5%, and the stabilization of the won’s exchange rate following government intervention.”
However, she added, “As the shock from yesterday’s plunge creates a tug-of-war between investors seeking to reduce their positions and those looking for entry opportunities, volatility is expected to remain high for the remainder of the week.”
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