[Featured Stock] KC Hits 52-Week High on Expectations of Increased Semiconductor Investment

[Asia Economy Reporter Minji Lee] KC is on the rise amid expectations that it will benefit from increased semiconductor investments.

At 3:16 PM on the 19th, KC was trading at 19,350 KRW, up 4.59% from the previous session. During the day, KC surged to 19,500 KRW, setting a new 52-week high.

KC is a semiconductor and display equipment company. The recent stock price increase is driven by optimism over industry improvement due to the rapid resolution of semiconductor oversupply, which is expected to lead to new investments from Samsung Electronics and SK Hynix.