SK Innovation (096770) held its ground, closing higher despite a broad sell-off in the domestic stock market. Investors are closely watching whether the stock can sustain its upward momentum in the new trading week beginning on the 20th.

On the 16th, SK Innovation closed at 121,400 won, up 4,400 won (3.76%) from the previous trading day. Even after the market close, it maintained its strength, finishing at 120,300 won on Nextrade (NXT).

On the same day, the domestic stock market underwent a broad and sharp correction. KOSPI plummeted by 463.81 points (6.37%) to 6,820.60, and KOSDAQ fell by 37.59 points (4.53%) to 791.84, significantly dampening investor sentiment. Against this market backdrop, SK Innovation's upward close is assessed as a relative show of strength.

Whether buying interest will continue or profit-taking pressure will expand is expected to be the key short-term observation point in the new trading week.

While the domestic market is closed, investors need to also monitor trends in global financial markets. On the 17th (local time), the U.S. New York stock market saw broad sell-offs led by semiconductor stocks, with major indices declining across the board.

Some analysts believe that on the 20th, the domestic stock market will likely reflect a complex interplay of factors, including U.S. market trends, supply and demand dynamics, recently heightened geopolitical risks, and shifts in global investor sentiment. For SK Innovation as well, market attention is focused on whether the stock can settle in the 120,000-won range and sustain its upward trend amid these external variables.

[※ This article is provided as reference material for investment decisions and does not recommend buying or selling any specific stock. The final responsibility for investment decisions lies with the investor.]