"If Only They Had Bought It at the Start of the Year"... Market Cap of 'Samsung Electronics and SK hynix' Soars 73% in Four Months

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[The Financial News] The combined market capitalization of South Korea's leading semiconductor stocks, Samsung Electronics and SK hynix, has risen by more than 73% from the start of this year.
As of 11:30 a.m. on the 23rd, Samsung Electronics had a market capitalization of about 1,305 trillion won, while SK hynix stood at about 867 trillion won. Combined, they reached about 2,173 trillion won, up 73.31% from about 1,254 trillion won at the start of the year.
That accounts for 40.96% of the KOSPI Composite Index's total market capitalization of 5,304 trillion won. The two stocks first surpassed the 40% mark on the 7th, and their share climbed to as high as 41.11% on the 21st.
On the day, Samsung Electronics briefly surged to 229,500 won, surpassing its intraday high for the year of 223,000 won set on February 27. SK hynix, which opened 0.25% lower, also turned higher and at one point traded up 3.6% at 1,267,000 won.
The rally appears to have been driven by record-breaking earnings announcements from both companies.
Samsung Electronics reported on the 7th that its operating profit for the first quarter on a consolidated basis jumped 755% from a year earlier to 57.2 trillion won. Revenue also rose 68.1% year on year to 133 trillion won. Both figures were all-time highs.
SK hynix also said in its first-quarter results released that day that quarterly revenue topped 50 trillion won for the first time. Operating profit came to 37.6103 trillion won, up 405.5% from a year earlier, while revenue increased 198.1% to 52.5763 trillion won.
y27k@fnnews.com Seo Yoon-kyung Reporter