The share prices of Korea's semiconductor equipment makers are showing signs of rising again after stagnating last month when an analysis report showed that the business cycle of the semiconductor industry reached its peak.
On March 29, the KOSDAQ semiconductor industry index closed at 983.42, up by 7.67 points or 0.79 percent from the previous day.
The stock prices of EO Technics, a specialist in semiconductor laser markers, jumped 6.37 percent or 5,300 won to 88,500 won, while those of other major semiconductor equipment makers such as TES, Wonik IPS, Soulbrain, and Jusung Engineering rose 4.76 percent, 3.25 percent, 2.79 percent, and 1.96 percent, respectively.
Foreign investors, who net-sold 11.8 billion won in the KOSDAQ market, now purchased semiconductor equipment shares. In particular, they net-bought 4.7 billion won shares of Wonik IPS which ranked No. 1 in terms of the amount of foreign investors' net buying.
After rising to 1,050 early this year, the semiconductor equipment index took a downturn last month when a string of global investment banks, including UBS, presented reports that the business cycle of the semiconductor industry would take a downturn after hitting a peak this year. email@example.com