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[Breaking] Domestic Secondary Battery Stocks Rally Despite U.S. Market Decline... L&F Surges 17%, Samsung SDI Jumps 8%

While the U.S. New York stock market fell across the board, secondary battery-related stocks in the domestic market are showing a strong upward trend from early

Wooil Shim
Staff Reporter
6 min read
[Breaking] Domestic Secondary Battery Stocks Rally Despite U.S. Market Decline... L&F Surges 17%, Samsung SDI Jumps 8%
CBC News

While the U.S. New York stock market fell across the board, secondary battery-related stocks in the domestic market are showing a strong upward trend from early in the trading session. Despite weakened investor sentiment stemming from the U.S., buying is flowing into large-cap battery stocks as well as material and equipment stocks, lifting the entire sector.

■ Double-Digit Surge Centered on Large-Cap Stocks As of the morning of the 7th Korean time, L&F is trading at 93,400 won, up 17.04% from the previous trading day. During the session, it rose as high as 97,600 won, and the trading volume so far has recorded 719,470 shares.

Samsung SDI is also trading at 463,000 won, up 8.43%, with an intraday high of 468,000 won. LG Energy Solution is trading at 358,500 won, up 3.91%, LG Chem at 270,000 won, up 3.45%, and SK Innovation at 112,300 won, up 3.41%.

■ Small- and Mid-Cap and Material Stocks Also Rise Together Among small- and mid-cap secondary battery stocks, Top Material is trading at 9,650 won, up 14.47%, and Mintech is up 13.46% at 1,475 won. Gangwon Energy recorded 9,030 won, up 11.21%, having risen to as high as 10,170 won during the session. Daebo Magnetic is up 6.07%, and Shinheung SEC is up 7.28%.

Battery material-related stocks such as cathode materials, anode materials, and copper foil are also performing strongly. Daejoo Electronic Materials is trading at 91,200 won, up 4.23%, and Nano Advanced Materials is up 3.14% at 47,600 won. Solus Advanced Materials is up 6.76%, Cosmo Chemical is up 5.23%, and SKC is up 1.99%.

Lotte Energy Materials is up 3.20% at 32,250 won, and POSCO Holdings recorded a 2.51% increase at 327,000 won. Separator-related stocks are also joining the rally, with SK IE Technology trading at 15,030 won, up 5.47%.

■ Contrast with U.S. Market Slump The strength of domestic secondary battery stocks stands in sharp contrast to the overnight weakness in the U.S. stock market. On the 6th (local time), the Dow Jones Industrial Average fell 0.85%, the S&P 500 index dropped 0.18%, and the Nasdaq Composite Index declined 0.06% on the New York stock market. Rising international oil prices and Treasury yields, along with disappointment over some companies' earnings outlooks, pressured investor sentiment.

Even as risk appetite weakens across the U.S. stock market, domestic secondary battery stocks are expanding their gains, centered on large-cap stocks. In particular, L&F, Samsung SDI, Top Material, and Mintech are recording double-digit gains, leading the sector's rebound.

However, the current stock prices are intraday prices, and the rates of increase and trading volumes may change significantly during the trading process. For stocks that have surged in the short term, there is also a possibility that profit-taking sell orders may be released, making it necessary to also check individual companies' earnings, order situations, battery prices, and electric vehicle demand trends.

[This article is information for investment reference purposes only and does not recommend the purchase or sale of any specific stock. Investment decisions and their associated responsibilities rest with the investor. This article was written with AI assistance.]

Wooil Shim
Staff Reporter

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