Samsung Electronics and SK hynix Start Premarket Trading Down More Than 4% on Semiconductor Profit-Taking

[Financial News] As the New York stock market closed mixed amid rising geopolitical tensions from the Middle East and a major IPO factor, Samsung Electronics and SK hynix also started lower in premarket trading.
As of 8:05 a.m. on the 10th, Samsung Electronics was trading at 309,000 won on Nextrade (NXT) premarket, down 4.04% from the previous close. SK hynix was also down 4.74% at around 2.11 million won.
The weakness in domestic semiconductor stocks appears to reflect renewed tensions in the Middle East after Donald Trump said he would respond to Iran's downing of a U.S. military helicopter, as well as heavy profit-taking in technology stocks ahead of SpaceX's IPO this week as investors raised cash.
In the New York stock market, which closed on the 9th local time, NVIDIA fell 0.22%, while major semiconductor stocks such as Micron (-1.41%) and Broadcom Inc. (-1.12%) also declined across the board. As a result, the tech-heavy NASDAQ fell 0.97%, while the Dow Jones Industrial Average (DJIA) edged up 0.17% to end the session.


sms@fnnews.com Sung Min-seo Reporter