[Special Stock] LG Display Gains from US China Regulations... Closes Up Over 7% (Comprehensive)

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] LG Display closed up over 7% on the 8th. The stock price rise is analyzed to be driven by the news that LG Display developed the world's first stretchable display, along with reports that the United States is considering regulations on displays targeting China following semiconductor restrictions, raising expectations of a positive impact on Korean display companies.

On the day, LG Display closed at 14,450 KRW, up 7.84% from the previous trading day.

During the session, it rose as much as 10.07% to 14,750 KRW before giving up some of the gains.

The sharp rise in LG Display's stock price is attributed to the news of developing a stretchable display and reports that the U.S. is reviewing display export restrictions on China following semiconductor regulations. LG Display announced that it developed a 12-inch full-color stretchable display that can expand up to 20% while maintaining high resolution. It can be freely deformed in any form such as stretching, folding, or twisting.

According to Taiwanese IT media Digitimes the previous day, the U.S. is reportedly reviewing export restrictions on displays to China. If display regulations are implemented, Chinese companies are expected to be hit as they will not be able to receive key materials and equipment. Dopants, substances that assist OLED emission, and glass substrates are representative examples. Accordingly, it is expected that Samsung Display and LG Display will widen their market share gap and secure market dominance, which is believed to have driven the stock price.

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