Daewon Cable (006340) broke its bearish trend from August 6-7 and successfully rebounded at the start of the week.

In the regular trading session on the 10th, Daewon Cable closed at 14,950 won, up 1,160 won (8.41%) from the previous trading day. This marks a strong rebound following two consecutive days of decline.

With the broader domestic stock market showing strength on the day, Daewon Cable joined the upward trend. The KOSPI index closed at 6,299.66, up 40.89 points (0.65%) from the previous trading day, while the KOSDAQ index finished the session at 854.47, surging 55.66 points (6.96%). Notably, the KOSDAQ market demonstrated a clear upward trend, with a buy-side circuit breaker triggered during the session.

As Daewon Cable recorded a gain of over 8% in early-week trading, attention is now focused on whether the stock will continue its upward momentum or enter a correction phase in the remaining trading days of the week.