[Featured Stock] Naver's Unstoppable Rise, Hits New High... Surges 6%
[Asia Economy Reporter Lee Seon-ae] Naver hit a new all-time high on the 23rd.
As of 9:45 AM on that day, Naver was trading at 416,000 KRW, up 6.39% from the previous day. It reached an intraday high of 416,500 KRW, setting a new record.
The rise appears to have been driven by inflows of foreign buying.
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In the securities industry, the outlook for Naver in the second half of the year is being evaluated positively. Kim Hak-jun, a researcher at Kiwoom Securities, said, "Naver's business indicators are expected to improve from the second half of the year," adding, "In particular, the expansion of commerce transaction volume including fresh products, entry into the peak season for cloud sales, and business expansion in Japan are expected to be actively carried out."
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