en.Wedoany.com Reported - SK hynix's stock price surpassed the 2,000 trillion won market capitalization mark for the first time on the Korea Composite Stock Price Index (KOSPI), while Samsung Electronics also hit a new all-time high, driving a semiconductor-led rally.
At 9:46 a.m. on the 19th, SK hynix continued its upward trend from the previous day, trading at 2.83 million won. During the session, the stock price rose to 2.85 million won, setting another record high, with market capitalization reaching 2,031 trillion won.
Samsung Electronics also performed strongly, closing up 3,500 won (0.97%) from the previous trading day at 366,000 won. During the session, the stock price rose to 374,500 won, hitting a new all-time high. Based on the highest price, the market cap gap between the two stocks narrowed to approximately 158 trillion won.
On the 29th of last month, Samsung Electronics' market cap, including preferred shares, exceeded 2,000 trillion won, and early this month, its common stock market cap also surpassed 2,000 trillion won. Samsung Electronics is the first company in South Korea to have a single stock market cap exceed 2,000 trillion won.
The surge in major semiconductor stocks on the 19th also boosted the stock prices of related holding companies. SK Square, which holds shares in SK hynix, surged over 6%, with its stock price exceeding 1.8 million won per share. Samsung Life Insurance, which holds shares in Samsung Electronics, rose 7.04%, and Samsung C&T rose 13.08%, both strengthening in tandem.
The South Korean stock market is currently clearly driven by the semiconductor industry. Based on 12-month forward operating profit, the semiconductor sector contributed 97% of the KOSPI's earnings growth since the beginning of the year. Semiconductors account for 74% of KOSPI's total operating profit and approximately 60% of its market capitalization.
The simultaneous rise in domestic semiconductor stocks is interpreted as being influenced by the surge in tech stocks on the New York Stock Exchange overnight. The Philadelphia Semiconductor Index on the New York Stock Exchange rose over 6%, with all its component stocks closing higher. Intel surged 10.6%, NVIDIA rose about 3%, and Micron rose about 9%, collectively driving the index higher.
The catalyst for the strength in U.S. semiconductor stocks was a statement by U.S. President Donald Trump. Trump announced that Apple and Intel have reached an agreement to collaborate on designing and producing chips domestically in the United States. Analysts believe this news has also generated positive investment sentiment for South Korean semiconductor large-cap stocks.
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