Two times more than Hercules. 76% higher than before

ON 17 JULY, TWICE AS MUCH AS THE SOUTH OF THE HONG KONG STOCK MARKET, HERCULES, REPORTED A FALL OF HK$ 44.68 PER CENT TODAY, A NEW LOW SINCE 24 APRIL, AND A 76 PER CENT FALL FROM THE RECORD HIGH OF HK$ 193.65 ON 25 JUNE, OR A 76 PER CENT DROP IN 15 SHORT TRADING DAYS. THE KOREAN MARKET, SK HERCULES, IS ALSO CURRENTLY 38 PER CENT HIGHER THAN ITS PREDECESSOR. IN A FORUM HOSTED TODAY BY THE KOREA CHAMBER OF COMMERCE AND INDUSTRY, CHOI TAE-JIN, CHAIRMAN OF THE SK GROUP, SAID: “THE DEMAND FOR THE STORAGE OF CHIPS HAS GROWN EXPONENTIALLY, WHICH IS WHY THE SHARE PRICE OF SK HERCULES AND SAMSUNG ELECTRONICS HAS SOARED SINCE LAST YEAR.” ASKED ABOUT THE RECENT DECLINE IN SK HERCULES ' SHARE PRICES, HE SAID THAT THEY WOULD NORMALLY RISE AS THE MARKET ANTICIPATED, AND THEN REVERT AFTER AN EXCESSIVE INCREASE. “I BELIEVE THAT THE NEED TO STORE CHIPS WILL PERSIST AND THAT, AS A RESULT, THERE WILL BE AN UPWARD TREND OVER TIME.”