[Stock in Focus] POSCO International Surges 8% on Hopes as Inflation Hedge

As raw material prices surged due to the Middle East war, POSCO International shares, which have drawn attention as an inflation hedge, soared.

As of 9:28 a.m. on March 9, POSCO International was trading at 79,300 won, up 6,000 won (8.18%) from the previous trading day.

Choi Yonghyeon, a researcher at KB Securities, stated on this day, "POSCO International operates in upstream sectors such as LNG and palm, so it benefits from price increases when raw material prices rise." He added, "Since it has secured a U.S. LNG offtake contract, it is able to import at a lower cost." He continued, "The current market environment is favorable for POSCO International, and Japanese trading companies with significant exposure to U.S. energy are also expected to benefit, with their share prices rising as well."

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