[Featured Stocks] Tesla Decline Leads to Consecutive Drops in Domestic Secondary Battery Stocks
The stock price of U.S. electric vehicle company Tesla plummeted, causing domestic secondary battery-related stocks to also enter a downward trend one after another.
As of 1:54 PM on the 31st, POSCO Future M was trading at 237,000 KRW, down 7.24% compared to the previous day. Samsung SDI fell 5.75% to 426,000 KRW, POSCO Holdings dropped 5.20% to 410,500 KRW, and LG Energy Solution also declined 5.06% to 384,500 KRW.
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On the 30th (local time), the U.S. stock market closed with major indices rising by around 1%, but Tesla closed on the New York Stock Exchange (NYSE) at $197.36, down 4.80% from the previous day. Tesla recorded this decline due to news that Panasonic Holdings reduced battery production amid a slowdown in electric vehicle demand. As a result, domestic secondary battery-related stocks also appear to be losing ground.
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