After 25 Years, the Top Stock Changes Hands: SK hynix Overtakes Samsung Electronics to Become No. 1 in KOSPI Market Cap [Fn Afternoon Market Report]

[Financial News] SK hynix rose to the top of the KOSPI by market capitalization on the 22nd, overtaking Samsung Electronics based on common shares.
As of 1:20 p.m. that day, SK hynix's market capitalization stood at 2,062.5606 trillion won. That was 17.474 billion won more than Samsung Electronics' 2,060.8132 trillion won at the same time. However, the combined market capitalization of Samsung Electronics and its preferred shares was 2,242.9515 trillion won, still higher than SK hynix's total.
As a result, Samsung Electronics ceded the No. 1 spot in KOSPI market capitalization to SK hynix for the first time in about 25 years and seven months. Samsung Electronics first ranked No. 1 in the domestic stock market on July 29, 1999. Since Nov. 21, 2000, it had never fallen from the top position.
Meanwhile, the KOSPI was up 0.46% from the previous session at 9,093.64. The KOSDAQ, on the other hand, was down 1.68% at 950.34.

elikim@fnnews.com Kim Mi-hee Reporter