Mirae Asset Venture on SpaceX hopes 23%; Jusung also surges

Aerospace-related stocks rose on the domestic stock market following news that SpaceX’s initial public offering schedule had been moved up. An initial public offering is the process by which a company first makes its shares available for trading on the market. Reports said the timing of SpaceX’s listing could be in 6month 12day.

18At the start of trading, Mirae Asset Venture was trading up 6.56%58,500won. On the same day, reports also said Mirae Asset Venture had risen by a percentage in the 23% range during the session. Expectations that SpaceX’s listing schedule would be brought forward were cited as the reason behind the buying.

Aerospace-related stocks also moved higher. 19At the start of trading, news continued to circulate that SpaceX’s listing schedule had been accelerated, and related stocks were strong. In the domestic market, stocks connected to SpaceX through investment, components, and aerospace businesses responded.

Among semiconductor equipment stocks, Jusung Engineering surged. Jusung Engineering climbed on news that it would supply the world's first atomic layer deposition equipment. 20It posted gains in the percentage range. Other reports said the stock hit its daily price limit alongside news of shipments of atomic layer deposition equipment.

Atomic layer deposition is a method of building up very thin films with great precision in semiconductor manufacturing. News of Jusung Engineering's equipment shipments drew the attention of semiconductor equipment investors. In the domestic stock market that day, the aerospace theme and the semiconductor equipment theme moved on different catalysts.

This was an example of company-specific news being immediately reflected in the share prices of domestic small- and mid-cap stocks. SpaceX-related stocks responded to expectations surrounding a listing schedule. Jusung Engineering responded to news of new equipment supplies and shipments.