[Featured Stocks] Biden Election Victory, Samsung SDI and Other Secondary Battery Stocks Rise Over 3%
[Asia Economy Reporter Minji Lee] Following the election of Democratic candidate Joe Biden as the President of the United States, secondary battery stocks are showing an upward trend in the domestic stock market.
At 9:08 AM on the 9th in the KOSPI market, Samsung SDI was traded at 516,000 KRW, up 3.41% from the previous session. In addition, LG Chem was traded at 740,000 KRW, up 2.78% from the previous session. SK Innovation also rose 4.24% to 147,500 KRW.
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Secondary battery-related stocks are considered beneficiaries of Biden's election. Earlier, Biden announced as part of his campaign pledges that he would invest $2 trillion in the eco-friendly energy sector. He also stated plans to replace 3 million government vehicles annually with electric vehicles and to create 1 million jobs through focused investment in the eco-friendly car industry.
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