Samsung, SK hynix fall 2.12% and 3.15% in pre-market trading

  • Samsung Electronics and SK hynix declined in Nextrade pre-market trading.
  • Samsung fell 2.12%, while SK hynix dropped 3.15% by 8:15 a.m.
  • The planned Iran-Iraq-Gulf meeting in Salalah was postponed after attendance concerns.

Samsung Electronics and SK hynix weakened in pre-market trading on Nextrade (NXT) as Middle East tensions, higher oil prices, rising government bond yields and expectations for a U.S. Federal Reserve rate increase weighed on risk appetite. At 8:15 a.m. on the 14th, Samsung Electronics was at 254,000 won, down 5,500 won, or 2.12%, from its reference price, while SK hynix was at 1.755 million won, down 57,000 won, or 3.15%. Concerns about disruptions to crude exports through the Red Sea increased after Yemen's pro-Iran Houthi rebels seized strategic points around the Bab el-Mandeb Strait, while a planned meeting involving Iran, Iraq and Gulf states was postponed. U.S. stocks had rebounded on the 11th, supported by lower oil prices and optimism over data-center investment after Oracle's earnings, but August inflation strengthened expectations for a September rate increase. CME FedWatch put the implied probability of a 0.25 percentage point increase at about 87%, up from around 60% before the CPI release. Kiwoom Securities analyst Han Ji-young said short-term volatility was unavoidable but recommended using the weakness to increase equity holdings rather than cash.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.