[Special Stock] Foreigners Net Buying on US Battery Plant Establishment Rumors... LG Chem 'Rebound'

[Asia Economy Reporter Ji Yeon-jin] LG Chem rebounded on the 5th, supported by net buying from foreign investors.

LG Chem, which started the day with a decline, successfully rebounded from the early session and was trading at 870,000 KRW as of 10:11 AM, up 0.58% compared to the previous day.

This is analyzed to be due to the resolution of a protracted dispute after reaching an agreement with Hyundai Motor on cost-sharing related to the Kona battery fire recall the day before. LG Chem had exceeded 1,000,000 KRW in early last month, but amid a correction market and the battery fire issue, the stock price had been on a downward trend, turning upward again on this day after three days.

Additionally, a report by The Wall Street Journal (WSJ) that General Motors (GM), the largest automaker in the United States, is planning to establish a second electric vehicle battery plant in Tennessee together with LG Energy Solution also supported the stock price.

On this day, as of 9:30 AM, foreign investors were net buyers of LG Chem worth approximately 960,000 KRW, making it the second most purchased stock after KB Financial (20 billion KRW).

This content was produced with the assistance of AI translation services.