[Featured Stock] Giant Step Soars 20% Intraday on Roblox Surge Effect
![[Featured Stock] Giant Step Soars 20% Intraday on Roblox Surge Effect](http://www.asiae.co.kr/news/img_view.htm?img=2022101809345472087_1666053294.jpg)
[Asia Economy Reporter Minji Lee] Giant Step, considered a metaverse-related stock, is showing an intraday rise of over 20%.
At 9:28 a.m. on the 18th, Giant Step was trading at 19,850 KRW, up 21.04% from the previous trading day. The company's stock price surged to as high as 20,650 KRW during the session.
This is analyzed to be influenced by the nearly 20% rise of Roblox, a metaverse gaming company, in the U.S. stock market the previous day.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Man in His 40s Who Kept Girlfriend's Body for a Year After Murder Sentenced to 30 Years in Prison Again on Appeal
- Despite Captivating the Nation for Over a Month... "Timmy" the Whale Ultimately Found Dead
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
Roblox announced last month that its daily active users reached 57.8 million, a 23% increase compared to the same month last year, which led to a significant rise. Total usage time increased by 16% to 4 billion hours, and estimated booked revenue was between 212 million and 219 million USD, expected to be 11-15% higher than a year ago.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
