StocksMedium•5 November 2026•
1 min read
Samsung and SK Hynix Shares Plunge Over 5% Amid US Political Pressure
Key Facts
1Samsung Electronics and SK Hynix shares plunged on Thursday, dragging the South Korean Kospi index down by more than 5%.
2The heavy selling triggered a temporary suspension of program selling during early trading on the Seoul exchange.
3The decline is attributed to renewed pressure on the semiconductor sector following Democratic victories in the US midterm elections.
Samsung Electronics and SK Hynix shares plunged on Thursday, dragging the South Korean Kospi index down by more than 5%. Invezz reported that the heavy selling triggered a temporary suspension of program selling during early trading on the Seoul exchange, with the decline attributed to renewed pressure on the semiconductor sector following Democratic victories in the US midterm elections.
SKHY closed at $143.07 on November 4, 2026, while SMSN.L closed at $4010 on the same date. These price movements follow the US midterm elections held on November 3, 2026, which sparked market fears regarding potential policy shifts affecting the global chip industry.