{"id":11712,"date":"2026-05-11T00:31:08","date_gmt":"2026-05-11T00:31:08","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/11712\/"},"modified":"2026-05-11T00:31:08","modified_gmt":"2026-05-11T00:31:08","slug":"samsung-sk-hynix-jump-over-6-in-pre-market-on-chip-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/11712\/","title":{"rendered":"Samsung, SK hynix Jump Over 6% in Pre-Market on Chip Rally"},"content":{"rendered":"<p><img alt=\"Reuters-Yonhap News - Seoul Economic Daily Finance News from South Korea\" title=\"Samsung, SK hynix Jump Over 6% in Pre-Market on Chip Rally\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260511.ed4df3c8078947208f6a61db4b237715_P1.jpg\"\/>Reuters-Yonhap News<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">South Korea&#8217;s stock market opened strong in pre-market trading on Monday, led by semiconductor stocks, after U.S. equities surged on chip strength Friday despite stalled negotiations between Washington and Tehran.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Samsung Electronics (005930.KS) traded at 284,500 won in pre-market as of 8:04 a.m., up 16,000 won, or 5.96%, from the previous session. SK hynix (000660.KS) climbed 107,000 won, or 6.35%, to 1.793 million won. SK Square (402340.KS) rose 7.92% to 1.185 million won, while Hyundai Motor (005380.KS) gained 2.12% to 626,000 won.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The market shrugged off news that talks between the United States and Iran had hit another impasse. U.S. President Donald Trump said Saturday that Iran&#8217;s negotiating proposal was &#8220;totally unacceptable,&#8221; but investors focused on the artificial intelligence (AI) chip outlook and the global tech stock rally rather than Middle East risks.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">U.S. equities closed broadly higher Friday, supported by solid April employment data and strength in semiconductor stocks. The Dow Jones Industrial Average rose 0.02%, while the Standard &amp; Poor&#8217;s 500 index and the Nasdaq Composite gained 0.84% and 1.7%, respectively. The Philadelphia Semiconductor Index jumped 5.5%.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Among individual stocks, Apple rose 2.1%, while Intel surged 14.0% on news of a chip supply contract. Micron climbed 15.5% and SanDisk gained 16.6%, as funds flowed into memory and storage-related names, significantly improving investor sentiment.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">&#8220;The sustainability of the chip-led market rally from last week is the key variable this week,&#8221; said Han Ji-young, an analyst at Kiwoom Securities. &#8220;Whether earnings from Cisco Systems and Applied Materials (AMAT) can extend expectations for the AI data center and HBM investment cycle will be critical.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">However, growing profit-taking pressure following the recent steep rally in semiconductor stocks is cited as a risk factor. Since the start of May, shares of Samsung Electronics and SK hynix have risen 21% and 31%, respectively. Foreign investors also shifted to net selling later last week in the KOSPI market after large net purchases earlier in the week, signaling short-term trading behavior.<\/p>\n<p><img alt=\"This Kind of Market, That Kind of Stock - Seoul Economic Daily Finance News from South Korea\" title=\"Samsung, SK hynix Jump Over 6% in Pre-Market on Chip Rally\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260511.e4fc5c4647e3401b964a1efb7b7e62f3_P1.png\"\/>This Kind of Market, That Kind of Stock<\/p>\n","protected":false},"excerpt":{"rendered":"Reuters-Yonhap News South Korea&#8217;s stock market opened strong in pre-market trading on Monday, led by semiconductor stocks, after&hellip;\n","protected":false},"author":2,"featured_media":11713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[8910,8911,1485,8909,276,241,275,676,8912],"class_list":{"0":"post-11712","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sk-hynix","8":"tag-ai-chip-stocks","9":"tag-kospi-pre-market","10":"tag-micron","11":"tag-philadelphia-semiconductor-index","12":"tag-samsung-electronics","13":"tag-sk","14":"tag-sk-hynix","15":"tag-sk-square","16":"tag-trump-iran-negotiations"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/11712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=11712"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/11712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/11713"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=11712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=11712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=11712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}