On the morning of the 9th, the stock prices of copper-related companies rose uniformly. It is interpreted that this is due to overnight comments from U.S. President Donald Trump, who announced a 50% tariff on copper, leading to a surge in copper prices.
As of 9:25 a.m. on the 9th, LEE KU Industrial is trading at 5,390 won, up 465 won (9.44%) from the previous trading day in the securities market.
Companies associated with copper, such as Poongsan, Seowon, Daechang, Daewon Cable, and LS, are also all experiencing rising stock prices.
It is interpreted that a buying trend has concentrated in related stocks as President Trump announced an intention to impose a 50% tariff on copper imported into the U.S., which led to a surge in copper prices overnight.
According to CNBC, following President Trump's remarks, the price of September copper futures on the Chicago Mercantile Exchange (COMEX) rose by 10.5% from the previous trading day, reaching $5.8955 per pound, setting a new all-time high.