LG Electronics and SK Telecom plunge amid hopes and concerns ahead of Jensen Huang’s visit to Korea
Ahead of Jensen Huang’s visit to Korea, some large-cap stocks, including LG Electronics and SK Telecom, fell by % levels. During the same period, stocks linked to Oh Se-hoon surged, while those linked to Jeong Won-o declined. S&P upgraded LG Electronics’ credit rating to BBB+.10During the same period, stocks linked to Oh Se-hoon surged, while those linked to Jeong Won-o declined. S&P upgraded LG Electronics’ credit rating to BBB+.
Ahead of Jensen Huang’s visit to Korea, the share prices of LG Electronics and SK Telecom fell by % levels. Reports said that expectations for the visit initially led to temporary buying, followed by profit-taking. Increased volatility was observed in related stocks.10Reports said that expectations for the visit initially led to temporary buying, followed by profit-taking. Increased volatility was observed in related stocks.
S&P 6 month 3 day upgraded LG Electronics’ credit rating to BBB+. LG Electronics was cited as a company with a high rate of outperformance among stocks that recently exceeded their target prices. News of the credit-rating upgrade and the outperformance of the target price was reported at the same time.
Amid the Seoul mayoral election race, stocks linked to Oh Se-hoon rose, while those linked to Jeong Won-o showed a downward trend. Individual stocks related to political issues showed wide differences in price movements. Trading volume increased as related trading became concentrated.
Companies related to physical AI and robotics in Korea mentioned by Jensen Huang have drawn attention. Companies in the physical AI sector, including K Robotics, attracted interest before and after his visit to Korea. The industry reported that Kkanbu-style consultations were continuing.
The number of visitors to the site tracking his movements during his visit to Korea exceeded 5 million. There have been more cases of individual investors and industry insiders checking his schedule and remarks in real time. Access to related information was concentrated.
Overall, expectations surrounding the visit to Korea, political issues, and credit-rating announcements overlapped, causing large price fluctuations in some large-cap and thematic stocks. Stocks that attracted concentrated investor interest showed short-term volatility. Further announcement schedules and corporate disclosures will follow.