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Samsung Electronics Shares Plunge Over 8% Despite Record Shareholder Returns
Electronic Technology · Semiconductors · yonhap_finance · 2026-08-24
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Samsung Electronics shares fell sharply by 8.7% as investors locked in profits, despite the company announcing a record-breaking shareholder return plan.
What Happened
Stock Plunge: Despite announcing a record shareholder return plan worth up to 110 trillion won, Samsung Electronics saw its shares drop 8.70% to 257,000 won on September 24. The stock fell by more than 9% during intraday trading, surprising many investors.
Market Reaction: The decline was driven by a 'sell-on-news' reaction, as the announcement failed to meet the high expectations of some market participants. Heavy profit-taking by foreign and institutional investors further exacerbated the downward pressure.
Group Weakness: The slump in Samsung Electronics dragged down other group affiliates, including Samsung Life Insurance and Samsung C&T. SK Hynix also closed down over 3% amid significant selling pressure from foreign and institutional investors.
Supply and Demand: While foreign and institutional investors were net sellers of Samsung and SK Hynix, individual investors engaged in bargain hunting. Analysts suggest that profit-taking motives outweighed the support provided by corporate share buyback programs.