[Special Stock] 'Geomeunsamak' Enters Chinese Market... Pearl Abyss Shares Rise Up to 7.9% Intraday

[Asia Economy Reporter Kwon Jae-hee] Pearl Abyss, famous for the game 'Black Desert,' is showing strength in the early trading session. While game stocks have been struggling due to decreased attractiveness of growth stocks amid interest rate hikes, Pearl Abyss's stock price is rising as it officially launched in the Chinese market on this day.

As of 10:23 AM on the 26th, Pearl Abyss is trading at 96,300 KRW, up 5.13% from the previous trading day.

During the session, Pearl Abyss's stock price rose as much as 7.97% from the previous trading day to 98,900 KRW, raising expectations of a recovery to the 100,000 KRW level.

The stock price strength of Pearl Abyss is due to the public test of its Chinese launch title, 'Black Desert Mobile,' which began at 8 AM (Korean time) on the 26th. On the first day of release, it jumped to number one in the Apple App Store popularity rankings, boosting the stock price momentum.

Kim Jin-gu, a researcher at Kiwoom Securities, analyzed, "From a conservative perspective, Kiwoom Securities estimates the initial quarterly average daily sales of Black Desert Mobile in China at 2 billion KRW, which corresponds to an average 10th place in the Apple App Store sales rankings."

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