Hanmi Pharmaceutical 1trillion9,000hundred million tech export sends robot and LG stocks soaring

6 month 1 day, shares in certain sectors and some group affiliates surged on the South Korean stock market. Robot-related stocks and LG Group affiliates stood out for their movements. Volatility increased during trading.

Buying concentrated in robot stocks amid expectations for the Kkanbu meeting and other factors. Doosan Robotics hit the daily upper price limit. Several robot-related stocks posted strong gains during the session.

Expectations surrounding a meeting with Nvidia CEO Jensen Huang spurred gains in LG Group stocks. Some stocks rose more than 10% in premarket trading, while LG Electronics gained 24% during the session. Buying and trading in related stocks surged.

Hanmi Pharmaceutical 5month 31day, announced that it had signed a technology export agreement with U.S. company Lilly for a new drug to treat digestive diseases. The contract is valued at 1 trillion9,000 hundred million won, the company said. It disclosed the deal through a filing.

Following news about Hanmi Pharmaceutical, the stock rose sharply. According to reports, the share price 13% higher. Trading in related stocks also picked up in the market.

Overall that day, sharp gains and losses occurred simultaneously, centered on certain companies and sectors. Investor trading volume increased compared with usual levels. Related disclosures and expectations of meetings were key price drivers in the market.