Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Kia EV9 GT marks world debut at LA Motor Show
-
9
S. Korea not to attend Sado mine memorial: foreign ministry
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
Samsung Electronics, SK hynix lead stock price hikes: data
By a2017001Published : June 29, 2017 - 11:23
Electronics and semiconductors have led the latest stock market boom in Asia's fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery.
Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the beginning of this year, more than double the increase rate of 18.05 percent for the benchmark Korea Composite Stock Price Index, according to data by Korea Exchange.
The main bourse rose 7 percent in May alone from a month earlier, becoming the best performer among stock markets in major advanced and emerging markets.
Stocks of Samsung Electronics ended at an all-time high of 2,415,000 won ($2,119), while SK hynix shares closed at 69,200 won Tuesday.
Medicine-related shares posted the second-highest increase ratio of 32.9 percent during the same time span, followed by medical supplies at 25.45 percent and telecommunications at 19.5 percent.
Financial businesses recorded a 17.81 percent rise, while the services industry surged 15.78 percent and the distribution industry soared 14.7 percent.
The comparable figures for the chemicals, construction, textile and clothing, and machinery sectors were 7.15 percent, 4.87 percent, 3.3 percent and 3.21 percent, respectively.
Stock prices of paper and timber and electricity and gas, meanwhile, suffered a setback of 0.93 percent and 2.69 percent, respectively, data showed. (Yonhap)
