One day prior, the stock price of power equipment is strong in the pre-market (8 a.m. to 8:50 a.m.).
As of 8:49 a.m. on the 1st, Cheil Electric is trading at 12,030 won on Next Trade. This is an increase of 1,820 won (17.83%) compared to the previous closing price.
At the same time, SK eternix (5.71%), LS (4.57%), and Samwha Electric (4.65%) are also seeing their stock prices rise.
Korea IDC noted in a recent report that 'domestic data center power demand is expected to increase by an average of 11% annually until 2028,' adding that 'the demand for power in data centers is expected to surge with the increasing adoption of generative artificial intelligence (AI).'
Lee Min-jae, a researcher at NH Investment & Securities, said on the same day that 'global power equipment demand, including in the United States, is expected to remain strong in the medium to long term,' and added that 'if expansions are not carried out as planned or if tariffs increase costs, power equipment prices may rise, which could lead to an increase in the valuation of the power equipment industry.'