Rumors suggest that South Korea's expected aggressive investment of 2,000 trillion will be implemented at 800 trillion, easing market sentiment and prompting a slight rebound in Samsung and SK Hynix stock prices.
BlockBeats reported on June 29 that South Korea's semiconductor sector rebounded in the afternoon. The previously anticipated "20 trillion KRW investment plan" resulted in approximately 8 trillion KRW (around $518 billion) being invested in semiconductor projects. This lower-than-expected capital expenditure alleviated risk concerns, leading to a narrower decline.
SK Hynix shares rose as much as 4.5% in the first half, currently priced at $1730. Samsung Electronics rebounded by 2%, currently priced at $214. On-chain, the average entry price of large long positions for both assets is $1608 and $217.3 respectively. At present, Samsung Electronics is trading below the average price of major long-position holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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