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[Featured Stocks] Samsung SDI Soars Over 9%... Secondary Battery Stocks Rally Across the Board Amid Prospects of Democratic Advantage in U.S. Midterm Elections

South Korean secondary battery-related stocks showed strength across the board in the market on the 4th. Samsung SDI surged more than 9%, while LG Energy Solution, POSCO Future M, and other major stocks also rose together. As of 2:14 p.m. on the 4th, major stock prices are as follows. ▲ Samsung SD

Oseong Kwon
Staff Reporter
4 min read
[Featured Stocks] Samsung SDI Soars Over 9%... Secondary Battery Stocks Rally Across the Board Amid Prospects of Democratic Advantage in U.S. Midterm Elections
CBC News

South Korean secondary battery-related stocks showed strength across the board in the market on the 4th. Samsung SDI surged more than 9%, while LG Energy Solution, POSCO Future M, and other major stocks also rose together.

As of 2:14 p.m. on the 4th, major stock prices are as follows.

▲ Samsung SDI: Traded at 533,000 won, up 44,500 won (9.11%) from the previous trading day, trading above the 500,000-won level in a strong upward trend ▲ LG Energy Solution: Traded at 347,500 won, up 9,500 won, a gain of about 2.81% from the previous day's close ▲ POSCO Future M: Recorded 176,500 won, up 12,800 won (7.82%) ▲ EcoPro: Traded at 75,400 won, up 5,200 won (7.41%) ▲ Saelonix: Up 700 won (7.92%) at 9,540 won ▲ PIE: Up 260 won (6.39%) at 4,330 won ▲ SF Atech: Up 470 won (6.80%) at 7,380 won ▲ Lotte Energy Materials: Up 2,350 won (6.18%) at 40,350 won ▲ PNT: Up 1,450 won (5.84%) at 26,300 won ▲ Cosmo Advanced Materials: Up 2,050 won (5.87%) at 36,950 won ▲ SK IE Technology: Up 390 won at 14,130 won ▲ MOT: Traded at 5,790 won, up 120 won

The day's rally extends broadly from battery manufacturers to materials and equipment-related stocks. In particular, major stocks such as Samsung SDI, EcoPro, and POSCO Future M show notable gains.

Meanwhile, the outcome of the U.S. midterm elections and the possibility of subsequent policy changes are also emerging as key concerns for the secondary battery sector. With the Democrats forecast to show strength in the U.S. midterm elections held on the 3rd (local time), attention is focused on how the U.S. political landscape may change. The direction of U.S. energy policy and support for the electric vehicle and battery industries directly affects the business environment of South Korean secondary battery companies. In particular, if the Democrats' influence in Congress expands, attention is being drawn to how discussions on eco-friendly energy and electric vehicle-related policies will unfold.

[※ This article is for reference in making investment decisions, and the final responsibility for investments lies with the investor.]

Oseong Kwon
Staff Reporter

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