[Featured Stock] LS Electric Rises 7% Alongside US Big Tech Rally...
LS ELECTRIC is trading more than 7% higher in early trading following news that it has been included in the Morgan Stanley Capital International (MSCI) Korea Index, along with the strong performance of major US tech stocks.
As of 9:47 a.m. on the 14th, LS ELECTRIC is trading at 181,300 KRW, up 7.72% (13,000 KRW) from the previous day.
MSCI announced in its regular August review the day before that LS ELECTRIC would be newly included in the Korea Index. Despite the positive news of MSCI index inclusion, LS ELECTRIC closed down 3.6% on the 13th compared to the previous trading day.
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However, with major tech stocks showing strength in the New York stock market overnight, it is interpreted that LS ELECTRIC, a beneficiary of artificial intelligence (AI), is also experiencing an upward trend in its stock price.
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