Samsung Electronics and SK Hynix Targets Rise as Chip Rally Seen Early

According to the Korea Exchange on the 13th, Samsung Electronics rose more than 5% from the previous day in morning trading. Brokerages are drawing attention as they continue to raise target prices for Samsung Electronics and SK Hynix, with the view that the semiconductor rally is still in its early stage. Some forecasts mentioned the possibility of Samsung Electronics reaching 500,000 won and SK Hynix 3 million won. Even with shares already at record levels, higher targets are keeping investor focus on major chip stocks. The confirmed details are limited to brokerage target increases and the day’s share-price movement. Source: mk.co.kr