On the 31st, power equipment stocks are surging. As semiconductor stocks jumped in the U.S. market and investor sentiment for artificial intelligence (AI) recovered, buying also appears to be flowing into the power equipment sector, which is grouped as a beneficiary of AI data centers.
As of 9:17 a.m. on the 31st, Hyosung Heavy Industries(298040) is trading at 2.31 million won, up 416,000 won (21.96%) from the previous session in the KOSPI.
LS Electric(010120) (16.1%) and HD Hyundai Electric(267260) (13.89%) are also strong.
Overnight in New York, semiconductor stocks soared across the board. The Philadelphia Semiconductor Index (SOX) rose 8.19%, marking the biggest gain in about 1 year and 3 months since Apr. 9 last year (18.73%).
The power equipment sector is cited, along with semiconductors, as a prime beneficiary of increased investment in AI data centers. Recently, concerns about the sustainability of AI investment grew and share prices corrected, but as U.S. semiconductor stocks rebounded and AI investment sentiment revived, investor sentiment also appears to have improved for power equipment stocks.