[Featured Stock] LG Energy Solution Plummets Due to Foreign Selling... Falls Below '500,000 Won' Again
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[Asia Economy Reporter Ji Yeon-jin] LG Energy Solution fell below 500,000 won on the 19th due to selling pressure from foreign investors.
LG Energy Solution is trading at 487,000 won, down 3.75% (19,000 won) from the previous trading day. The company recovered to 500,000 won on the 15th with simultaneous buying by foreigners and institutions, but has since shown a downward trend. Foreign investors had been net buyers of LG Energy Solution for six consecutive trading days since the 7th, but switched to a selling preference on this day.
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With the U.S. Federal Open Market Committee (FOMC) meeting scheduled for the 22nd (local time) this month, concerns over tightening have increased, leading investors to reduce their exposure to risk assets, which is interpreted as having lowered LG Energy Solution's corporate value.
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