Profit-taking in large caps and Wonik IPS hits the upper price limit ahead of Jensen Huang’s visit to Korea
Ahead of Jensen Huang’s visit to Korea, profit-taking occurred in LG Electronics, SK Telecom, Naver and other stocks. Amid expectations for the government’s KOSDAQ support measures, materials, parts and equipment stocks including Wonik IPS and Jusung Engineering surged, sending Jusung Engineering up in the KOSDAQ market-cap rankings.5.
4In the session, investors took profits ahead of Nvidia CEO Jensen Huang’s visit to Korea. Selling pressure was first seen in large-cap stocks including LG Electronics, SK Telecom and Naver. Trading value was concentrated in some stocks.
Meanwhile, expectations for the government’s KOSDAQ support measures spread through the market. Amid these expectations, materials, parts and equipment-related stocks including Wonik IPS hit the upper price limit. Strong gains continued across several materials, parts and equipment stocks.
Jusung Engineering rose to 5in the KOSDAQ market-cap rankings that day. Changes in market-cap rankings reflected the day’s trading flow. Jusung Engineering’s share-price increase led to its rise in the rankings.
Large-cap stocks were generally weak as investors took profits. By contrast, buying intensified in some stocks centered on KOSDAQ. Performance varied across sectors.
The market appears to have been influenced simultaneously by Jensen Huang’s schedule during his visit to Korea and expectations surrounding policy. Trading volume and volatility both increased in related stocks. Some stocks ended the session at their daily upper price limit.
Even after the market closed that day, related stocks and changes in market-cap rankings remained a focus of market attention. Investors checked company disclosures and trading flows for individual stocks. If additional policy-related details are announced in the future, the market response may continue.
Sources: 매일경제 증권
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