On the 2nd, the domestic stock market underwent an overall correction as weakness in U.S. semiconductor stocks coincided with declines in major Korean stocks such as Samsung Electronics and SK Hynix. However, relatively strong buying interest flowed into power infrastructure-related stocks, resulting in clear differentiation across sectors.

During the morning session, Gaon Cable recorded an increase of more than 7%, leading the strength in the cable industry. Buoyed by this trend, Daewon Cable also gained ground, attracting investor attention. Daewon Cable was trading at 13,660 won, up 260 won (1.94%) from the previous trading day, and during the session it rose as high as 14,950 won, widening its gains. Trading volume also exceeded 28 million shares.

In the market, expectations of increased power demand driven by the expansion of AI data centers and growing investment in power transmission and distribution networks are cited as the main factors behind the strength of cable stocks. Gaon Cable and Daewon Cable are mentioned as representative beneficiary stocks, and as global power grid replacement and expanded investment in power facilities emerge as medium- to long-term growth drivers, interest in related sectors continues.

However, as intraday stock prices may experience expanded volatility depending on market supply and demand and changes in investor sentiment, a cautious approach is advised.

[This article was written with the assistance of AI. It is based on currently available information, and readers are advised to independently verify the facts.]