"Game Over"... Related Stocks Plummet Amid Overseas Superconductor Denial

Stocks related to superconductors plummeted in large numbers. It appears that negative opinions from overseas, including the United States and China, stating that LK-99 does not possess superconducting properties, influenced the market.

[Image source=Yonhap News]

Deokseong closed at 8,400 won on the 8th, down 3,500 won (29.41%) from the previous trading day. It hit the lower limit price. Seonam also recorded the lower limit price, falling 3,780 won (29.98%) to 8,830 won. In addition, other stocks considered related to superconductors such as Mobis (25.63%), Seowon (24.02%), Powerlogics (16.49%), Korea Steel (15.69%), and Sinsung Delta Tech (-6.45%) all plunged sharply.

These stocks initially recorded gains of 10-20% in the early trading session. However, in the afternoon, the Center for Materials Theory and Computation (CMTC) at the University of Maryland in the U.S. announced via SNS that "LK-99 did not demonstrate superconductivity at room or low temperatures," adding, "We believe the game is over. LK-99 is not a superconductor." As a result, all these stocks sharply dropped in an instant.

Furthermore, recently, countries other than the U.S. have also expressed negative views on superconductors. Researchers from China and India published papers on the preprint site ‘arXiv’ on the 6th and 7th, respectively, reporting successful synthesis of materials similar to LK-99. However, they explained that they did not find characteristics of superconductors in the synthesized materials.

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