Following a recent ceasefire agreement between the US and Iran, foreign investors have significantly ramped up their acquisitions of shares in South Korea’s leading semiconductor manufacturers, primarily Samsung Electronics and SK hynix.
Data released by the Korea Exchange on Friday indicates that foreign investors collectively purchased 3.33 trillion won (approximately $2.5 billion) worth of these two prominent chipmaker stocks over a two-day trading period, from Wednesday to Thursday.
Samsung Electronics led these net purchases, with an impressive 2.65 trillion won. SK hynix followed, attracting 441.9 billion won, while Samsung Electronics preferred shares also saw substantial investment totaling 229.9 billion won.
This robust buying activity, according to market watchers, clearly reflects easing geopolitical risks and renewed optimism surrounding an anticipated semiconductor industry upcycle.
Furthermore, major brokerages are expressing an increasingly bullish outlook for the sector. SK Securities, for instance, recently elevated its target prices for Samsung Electronics to 400,000 won and for SK hynix to 2 million won. Similarly, KB Securities also boosted its SK hynix target to 1.9 million won, underscoring broad market confidence.
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