The stock prices of secondary battery stocks, including LG Energy Solution, are all declining. Observers indicate that the more than 8% plunge in Tesla's stock price overnight has acted as a negative factor.
According to the Korea Exchange on the 19th, as of 9:18 a.m. today, LG Energy Solution is trading at 375,500 won, down 1.57% (6,000 won) from the previous trading day.
In addition, Samsung SDI is down 2.91%. SK Innovation and POSCO Future M are also each showing weakness of around 3%. On the KOSDAQ market, Ecopro BM and Ecopro are both down over 1%.
As Tesla's stock price plunged overnight due to the United States' hawkish interest rate cut shock, the investment sentiment in secondary battery stocks in the domestic stock market is interpreted to have deteriorated.
Although Tesla set another all-time high during the trading session overnight, forecasts have emerged that the interest rate cut in the United States next year will be limited to 50 basis points, leading to a sharp drop, finishing the transaction at $440.13.