Corporate Logo(source: skhynix.com)
Amid concerns over a potential U.S. economic slowdown, the Philadelphia Semiconductor Index sharply declined, leading to early losses for Samsung Electronics(005930) and SK hynix(000660).
As of 9:33 AM on March 11, SK hynix was trading at 182,000 won, down 3% from the previous day.
Samsung Electronics was also down 1%, trading at 52,900 won.
The weakness in semiconductor stocks in the early session is attributed to the sharp drop in the Philadelphia Semiconductor Index on the New York Stock Exchange the previous day. On March 10(local time), the Philadelphia Semiconductor Index fell by 4.85%, closing at 4,405.09.
NVIDIA's stock dropped by 5%, followed by declines in other semiconductor stocks such as Broadcom(-5.39%), Micron Technology(-6.32%), Intel(-3.35%), and ASML(-6.7%).
The widespread weakness in semiconductor stocks is mainly driven by uncertainty surrounding President Donald Trump’s tariff policies, which has fueled fears of an economic downturn.
Han Ji-young, an analyst at Kiwoom Securities, noted, "U.S. stocks are experiencing panic selling due to growing concerns about a recession," and added, "President Trump's comments about potential transitional difficulties from imposing tariffs have raised fears of an economic slowdown among market participants."
*[KOSPI]SK hynix(000660) is the second-largest company on the KOSPI specializing in memory semiconductors such as DRAM, NAND flash, and MCP. The market capitalization is 136 trillion 791.6 billion won(as of March 10, 2025, closing price).
*[KOSPI]Samsung Electronics(005930) is the top company in the KOSPI, dominating the global market in semiconductors and smartphones. Its market capitalization is 317 trillion 884.6 billion won(as of March 10, 2025, closing price).
Corporate Logo(source: skhynix.com)
Amid concerns over a potential U.S. economic slowdown, the Philadelphia Semiconductor Index sharply declined, leading to early losses for Samsung Electronics(005930) and SK hynix(000660).
As of 9:33 AM on March 11, SK hynix was trading at 182,000 won, down 3% from the previous day.
Samsung Electronics was also down 1%, trading at 52,900 won.
The weakness in semiconductor stocks in the early session is attributed to the sharp drop in the Philadelphia Semiconductor Index on the New York Stock Exchange the previous day. On March 10(local time), the Philadelphia Semiconductor Index fell by 4.85%, closing at 4,405.09.
NVIDIA's stock dropped by 5%, followed by declines in other semiconductor stocks such as Broadcom(-5.39%), Micron Technology(-6.32%), Intel(-3.35%), and ASML(-6.7%).
The widespread weakness in semiconductor stocks is mainly driven by uncertainty surrounding President Donald Trump’s tariff policies, which has fueled fears of an economic downturn.
Han Ji-young, an analyst at Kiwoom Securities, noted, "U.S. stocks are experiencing panic selling due to growing concerns about a recession," and added, "President Trump's comments about potential transitional difficulties from imposing tariffs have raised fears of an economic slowdown among market participants."
*[KOSPI]SK hynix(000660) is the second-largest company on the KOSPI specializing in memory semiconductors such as DRAM, NAND flash, and MCP. The market capitalization is 136 trillion 791.6 billion won(as of March 10, 2025, closing price).
*[KOSPI]Samsung Electronics(005930) is the top company in the KOSPI, dominating the global market in semiconductors and smartphones. Its market capitalization is 317 trillion 884.6 billion won(as of March 10, 2025, closing price).