At a time when the S&P 500, Nasdaq, Dow Jones, and Bitcoin are reaching new highs after Donald Trump’s victory in the United States, Asian markets continue to drop. One such example is Samsung Electronics, listed on the Korea Exchange, which has plummeted to its all-time low in four years.
Samsung Electronics shares touched just above 50,000 Korean won (roughly $6) during its last trading session. Much of the reason could be attributed to Washington ordering Samsung and others to halt advanced chip shipments to China. Another reason might be the recent setbacks in 3nm chip development in Samsung’s Foundry division, which has forced the South Korean conglomerate to knock on other doors.
Samsung Electronics shares had the worst performance in two decades
The stock market is unpredictable, but much of it is driven by what’s happening around the world. The same seems to have happened with Samsung, where the Trump administration may be seen as a threat to the tech conglomerate.
Screenshot from Yahoo Finance
Samsung Electronics shares have fallen about 4.5% in the last trading session, and a little over 11% in the past 5 days. What’s worse is that it has fallen nearly 36% year-to-date. This means that if you had invested $100 in Samsung Electronics a year ago, you would be left with $64 or even less.
All of this suggests that investors are losing trust in or aren’t too thrilled about Samsung Electronics, considering the recent stock price. Whether the stock will rise or hit another low remains to be seen. We refrain from offering unsolicited investment advice, and it’s not an investment advice either.
What happens next remains uncertain, and much of that depends on the relationship between South Korea and the US. Or, more specifically, the relationship between Yoon Suk Yeol and Donald Trump, who will officially take office as the US President in January.
