Samsung Electronics’ stock price has hit a new low today. The downturn in the semiconductor market and concerns over a global economic recession affected investor sentiment, and today, Samsung Electronics’ stock price finished at 63,800 Won ($50.30).
Samsung’s stock value fell 2.15% from the previous session. Today, foreign investors and institutional investors net-sold 586 billion Won and 76.3 billion won worth of shares. By the end of today’s session, Samsung’s stock price stood at a 52-week record low.
The company’s stock price has been in decline since the beginning of the year. On January 3, a stock was valued at 76,600 Won. Market watchers believe that Samsung’s decline over the past six months is due to concerns pertaining to reduced demand for chips.
According to Shinhan Financial Investment (via Korea Times), consumer demand for smartphones, PCs, and electric devices has dropped throughout the year. Investors also fear a slowdown in business-to-business demand.
However, on the consumer side, Samsung Electronics started the year strong, and in Q1 2022, the company posted an 18% increase in revenues and a 51% increase in operating profits year-on-year. On the other hand, Samsung’s semiconductor market share in Q1 lagged behind competitors including Qualcomm, Apple, and MediaTek.
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