Robot stocks were weak together in early trading on the 19th. After surging last week on expectations for physical AI, they appeared to face selling for profit-taking on the day.
As of 10:16 a.m. on the day, Hyundai Motor was trading at 608,000 won on the Korea Exchange, down 55,000 won (8.3%) from the previous session.
At the same time, Hyundai AutoEver (9.4%) and Hyundai WIA (10.22%), both Hyundai Motor Group stocks, were also down. LG Electronics (10.69%), Doosan Robotics (14.42%), ROBOTIS (10.29%), and Rainbow Robotics (9.38%) were also plunging.
As physical AI stocks drew attention after semiconductor stocks recently and share prices rose sharply, the session appeared to see selling for profit-taking. Hyundai Motor has jumped more than 24% this month, LG Electronics 54%, and Rainbow Robotics 32%.
At the time, Kang Sung-jin, a researcher at KB Securities, said of Hyundai Motor, "Hyundai Motor's 12-month forward price-earnings ratio (PER) is 15.9 times, and given that Hyundai Motor Group is at the forefront of commercializing humanoids and that it is one of the few automakers independently developing autonomous driving, this is a very attractive valuation."