Samsung Electronics stock falls for 4th session amid growing chip uncertainty

(Kim Ho-young)

Samsung Electronics Co. saw its stock fall for four straight sessions on Wednesday as uncertainty looms in the semiconductor sector.

Shares of Samsung Electronics were trading at 51,900 won as of 10:49 a.m. on Wednesday, down 2.08 percent from the previous day.

“Samsung Electronics is particularly sensitive to external uncertainties due to its weakened competitiveness in the AI chip sector,” said Lee Kyung-min, an analyst at Daishin Securities.

He cited increased foreign selling pressure since Donald Trump’s win in the U.S. presidential election.

Meanwhile, SK hynix Inc. stock was trading at 186,200 won as of 10:50 a.m., up 0.22 percent from the previous day.

Shares of Korea Zinc Inc., in the meantime, jumped nearly 0.79 percent amid speculation that the company may withdraw its rights offering.

As of 10:51 a.m., Korea Zinc shares were trading at 1.15 million won, before rising nearly 5 percent earlier.

Korea Zinc Chairman Choi Yoon-beom is expected to address the issue in a press conference later on Wednesday after a board meeting.

The company is expected to reverse its plan for the offering amid concerns from the market and financial authorities.

In a recent conference call, Korea Zinc apologized for not fully anticipating market responses regarding the rights offering plan.