
Concerns regarding the semiconductor industry have caused a significant drop in market capitalization for South Korea's top memory chip manufacturers, Samsung Electronics and SK hynix, totaling nearly 120 trillion won over the past month. Despite market analysts deeming the decline as excessive, data from the Korea Exchange shows that Samsung's market value decreased from 467.43 trillion won to 376.10 trillion won, while SK's dropped from 140.21 trillion won to 114.37 trillion won during the same period. Both companies experienced a decline in stock prices by approximately 20% to 21% over the past month. As foreign investors intensified their sell-offs, Samsung and SK witnessed reductions in foreign ownership ratios to their lowest levels in months. The negative sentiment was further exacerbated by foreign securities firm Morgan Stanley issuing a "half-price" target for SK, leading to a 2.02% and 6.14% drop in Samsung and SK's shares on Thursday, respectively. Market experts acknowledge the excessive decline but anticipate challenges in reversing the downward trend in the near future, with predictions suggesting a potential recovery for SK's stock price post-November once uncertainties like the US presidential election and economic conditions stabilize.