Samsung Electronics Starts Surging At 6%... Stock Price Resilient On 'Purchasing Stock Shares'

[Anchor]
After the market closed last Friday, Samsung Electronics announced a 10 trillion won share buyback plan.

Stock prices, which rebounded from low-priced buying on the same day, have continued to rise as new favorable factors arise.

I'll connect you to a reporter for more information.

Reporter Lee Hyung-won, Samsung Electronics continues to rise today, right?

Yes, Samsung Electronics started at 57,000 won, up more than 6%.

Currently, the rise has decreased slightly, and it is going up and down around 56,000 won.

Last Friday, it closed at 53,500 won, which soared more than 7%.

At that time, the stock price rose as low-priced purchases flocked to the aftermath of the collapse to the 40,000 won level on Thursday, the previous day.

The stock price, which has rebounded to around 50,000 won in a day, seems to be gaining momentum from the announcement of the treasury stock purchase of 10 trillion won.

In 2017, the stock price soared by more than 50% over nine months after the announcement of the stock purchase of KRW 9 trillion.

However, the background of the purchase is different from the time when the performance was supported.

Experts say it should be seen how long the upward trend will continue, as the company announced the purchase of treasury stocks to boost its stock price itself in the face of poor performance and cash flow this time.

[Anchor]
As Samsung Electronics rose sharply, the KOSPI also started higher, right?

[Reporter]
Yes, the KOSPI is also gaining strength as Samsung Electronics, the No. 1 market capitalization, soared.

The KOSPI opened today at 2,440.31, up nearly 1%.

Now, it has risen more than 2% and continues to rise at the 2,460 level. However, KOSDAQ started trading at 683.53, down 0.28% from the previous session.

Currently, it has risen more than 1% as it rebounded and is moving around in the 690s.

Meanwhile, financial authorities held a meeting to check the situation as the stock market fluctuated significantly recently.

This is because the volatility of our stock market has increased as former President Trump of the United States has succeeded in retaking power.

Financial authorities diagnosed that the recent fall is somewhat excessive, although there is uncertainty in the new U.S. government policy related to semiconductor and secondary battery major industries due to the nature of the economic structure that relies heavily on exports.

Kim Byung-hwan, chairman of the Financial Services Commission, said he would monitor market trends with caution and ordered related organizations to proceed with the value-up fund at a pace.

So far, I am YTN Hyungwon from the Korea Exchange.