[Edaily Reporter Kim Kyung-eun] #Samsung Electronics and #SK Hynix, the leading stocks in the domestic market, are both trading higher in early trading on the 12th. This is interpreted as a result of semiconductor stocks surging on the New York Stock Exchange overnight after U.S. President Donald Trump announced that an agreement to end the conflict with Iran had been reached.

According to MP Doctor, as of 9:15 a.m. today, Samsung Electronics is trading at 330,500 won, up 31,500 won (10.54%) from the previous trading day. SK Hynix is trading at 2,298,000 won, up 97,000 won (9.38%).

This is seen as a result of a reversal in market sentiment following President Trump’s decision to cancel plans for military action against Iran. President Trump, who had previously warned of airstrikes against Iran for three consecutive days, announced on Truth Social on the afternoon of the 11th (local time), “Discussions with Iran have reached the country’s top leadership and received approval,” adding, “I have canceled the planned airstrikes and bombing of Iran.”

In response, the three major U.S. stock indices surged across the board. The Dow Jones Industrial Average closed at 50,848.75, up 929.97 points (1.86%) from the previous trading day. The S&P 500 index closed at 7,394.30, up 127.31 points (1.75%), while the tech-heavy Nasdaq Composite Index closed at 25,809.66, up 640.16 points (2.54%). The Philadelphia Semiconductor Index surged 8.1%.