With Samsung Electronics' earnings announcement looming, major IT and semiconductor stocks on the domestic market fell sharply. In particular, semiconductor shares including SK Hynix dropped more than 10% overnight, and the reason was that investors in the upper 1% of the yield curve were ready to close positions early.
In the midst of this steep decline some investors sold shares and inverse ETFs in order to lock in gains. Especially, semiconductor stocks which are highly sensitive to recent market volatility became a big risk for short‑term traders, leading to accelerated selling strategies.
Investors began large‑volume sales before and after the earnings announcement to reduce uncertainty. As a result, semiconductor shares such as SK Hynix experienced sharp declines and some later recovered.
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