[Featured Stock] US Infrastructure Investment Expectations... KMw 7% Surge

[Asia Economy Reporter Lee Seon-ae] KMw, the leading domestic telecommunications equipment company, is showing a strong rise of about 7% on the 6th.

As of 9:39 AM on the day, KMw is trading at 45,000 won, up 7.02% from the previous trading day.

This surge is interpreted as being driven by expectations of large-scale infrastructure investment in the United States. The $1 trillion physical infrastructure investment plan, promoted by U.S. President Joe Biden, is scheduled for a House vote later this month. The physical infrastructure budget includes renovation of old roads and bridges, and replacement of broadband communication networks.

Kim Young-hwan, a researcher at NH Investment & Securities, explained in a report, "The House vote on the $1 trillion infrastructure investment bill scheduled for September can be an event that stimulates investment sentiment toward telecommunications equipment companies."

Accordingly, Ace Tech, Seojin System, and HFR are also showing simultaneous gains.