Domestic robot stocks were strong intraday on the 4th. Investor sentiment appeared to be buoyed by reports that the Donald Trump administration is moving to foster the robot industry.
As of 9:18 a.m. that day, Rainbow Robotics was trading at 477,000 won, up 32,500 won (7.31%) from the previous session on the Korea Exchange.
At the same time, Doosan Robotics was trading at 80,300 won, up 3,600 won (4.69%) from the previous session. Angel Robotics also rose 1,000 won (3.09%) to 33,400 won.
U.S. political outlet Politico reported on the 3rd (local time), citing three well-informed sources who requested anonymity, that Commerce Minister Howard Lutnick recently met with robot industry chief executive officers (CEOs) and is stepping in fully to accelerate the sector's development.
In particular, it also said the Trump administration is reviewing issuing an executive order related to the robot industry next year.
On the back of reports that the Trump administration is interested in the robot industry, robot stocks listed on the New York stock market also finished higher. Tesla, which develops a humanoid robot, rose 4.08% that day, SubRobotics climbed 18.24%, and Richtech Robotics gained 18.54%.