South Korean and Japanese Semiconductor Stocks Extend Rebound, Led by SK Hynix Surge

Deep News06-25

On the morning of June 25th, share prices of listed semiconductor companies in South Korea and Japan continued their rebound, stimulated by stellar earnings from Micron Technology. At the time of writing, shares of SK Hynix had surged by more than 10% to 2,846,000 won per share. Samsung Electronics Co., Ltd. shares rose over 5% to 357,750 won per share, while shares of Kioxia Holdings gained more than 6% to 98,100 yen per share. This followed a sharp sell-off last Tuesday, where these three companies saw their stock prices plummet by over 10% each, before beginning to recover the following day. Industry analysts suggest that while memory chip stock prices are undergoing a period of adjustment, the underlying industry trend has not reversed.

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