Samsung, SK hynix Post Worst Weekly Drop Since 2008 Crisis
Samsung Electronics (005930.KS) and SK hynix (000660.KS) saw their worst weekly share price drops since 2008, driven by heavy foreign selling. Samsung fell 17.8% to 215,500 won, while SK hynix dropped 24.3% to 1.272 million won. Foreign investors sold 3.4763 trillion won and 5.3565 trillion won of their shares, respectively. Analysts are divided on future prospects, with some citing strong earnings and others warning of continued volatility.
How this was made
The 30-second read
Why it matters
The steep weekly drops highlight heightened volatility in Korean chip stocks, driven by foreign outflows and AI spending concerns.
Market read
Significant sell‑off in Korea’s two largest chip makers could influence broader Asian equity sentiment and semiconductor sector risk.
What to watch
Foreign investors may return if prices stabilize; DRAM price outlook remains positive.
Background
Weekly decline of Samsung and SK hynix amid heavy foreign selling in the Korean semiconductor sector.
Ticker impact
Samsung shares fell 17.8% last week as foreign investors sold 3.4763 trillion won of its stock.
likely further downside as foreign investors remain net sellers
Large foreign outflows and a 17.8% weekly drop indicate continued selling pressure.
SK hynix plunged 24.3% last week with foreign investors dumping 5.3565 trillion won of its shares.
likely further downside amid sustained foreign net selling
A 24.3% weekly drop combined with record foreign outflows creates a bearish outlook.
Market effects
Korean semiconductor sector faces heightened volatility and risk‑off sentiment.
KOSPI likely pressured as its two largest chip makers sell off.
Broad‑cap chip stocks worldwide may see risk aversion due to Korean sell‑off.
Counterpoint
If earnings fundamentals hold and AI demand improves, a rebound could follow.
Key entities
- companySamsung Electronics
South Korean semiconductor giant, ticker 005930.KS.
- companySK hynix
South Korean memory chip leader, ticker 000660.KS.
- companyASML
European lithography equipment supplier referenced for AI demand outlook.
- research_firmTrendForce
Market research firm projecting DRAM price increase.
