Hwashin Precision, a KOSDAQ-listed company specializing in auto parts, hit the upper price limit for the fourth straight session as expectations spread among investors that it could supply robot parts to Boston Dynamics.
As of 9:49 a.m. on the 11th, Hwashin Precision was trading at 5,750 won on the KOSDAQ market, up 1,320 won (29.80%) from the previous session.
Hwashin Precision has logged a four-session streak of upper price limits through the day.
The rally in Hwashin Precision began on the 8th after reports that Boston Dynamics, the Hyundai Motor Group's robotics affiliate, made a private visit to Hwashin Precision.
At the time, one outlet reported that engineers from Boston Dynamics visited Hwashin Precision's headquarters in Yeongcheon, North Gyeongsang, on the 5th to assess the potential for supplying Humanoid Robot parts.
As the share price surged in a short period, the Korea Exchange (KRX) said in a disclosure the previous day that Hwashin Precision would be designated as an investment warning issue starting that day. Once designated as an investment warning issue, investors must deposit 100% margin to buy shares, and purchases through margin financing are restricted. If the sharp rise continues after designation, trading may be temporarily halted.