[Breaking] Samsung Electronics and SK hynix fall below key price levels again, plunging more than 6% in premarket trading

[Financial News] The New York Stock Exchange (NYSE) closed lower as semiconductor stocks were sold off and geopolitical tensions in the Middle East escalated. Against that backdrop, Samsung Electronics and SK hynix were also weaker in premarket trading in the domestic market on the same day.
As of 8:05 a.m. on the 11th, Samsung Electronics was trading at 285,000 won on Nextrade's premarket, down 5.79% from the previous close. SK hynix was also trading at 1,927,000 won, down 5.91%. Right after the opening, both stocks briefly fell by more than 6%.
The broad weakness in domestic semiconductor stocks appeared to reflect fading investor sentiment after the United States' May Consumer Price Index (CPI) matched market expectations, while Donald Trump warned of additional attacks on Iran. Selling in technology stocks also intensified as investors locked in profits ahead of SpaceX's Initial Public Offering (IPO) scheduled for the 12th, adding further pressure on the market.
In the NYSE session that ended on the 10th local time, the Philadelphia Semiconductor Index plunged 3.4%. NVIDIA, Broadcom Inc., Micron and other chipmakers all fell sharply. As a result, the tech-heavy NASDAQ Composite Index (NASDAQ) dropped 1.98%, while the DJIA and the S&P 500 Index also ended lower, down 1.87% and 1.62%, respectively.

sms@fnnews.com Sung Min-seo Reporter