[Market Focus] Monami Surges for Second Day After Trump Praises Fountain Pen

Monami, which has emerged as the biggest beneficiary of the South Korea-US summit, continued its rally for a second consecutive day on the domestic stock market on August 27, hitting a new all-time high.

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As of 9:32 a.m. on this day, Monami's share price was trading at 3,030 won per share, up 17.67% from the previous session. After hitting the upper price limit the previous day, the stock soared to as high as 3,190 won early in the session, setting a new 52-week high.

This surge is attributed to Monami being highlighted as a beneficiary of the South Korea-US summit. During the summit, US President Donald Trump complimented President Lee Jaemyung's fountain pen, saying, "It's really cool," and President Lee immediately gifted the pen to him. President Lee's fountain pen was a specially crafted product made by the Korean handmade fountain pen brand Jennaile at the request of the presidential office, and it reportedly used a Monami pen nib that was refined for the occasion.

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