[Special Stock] LG Energy Solution Hits Lowest Price Since Listing... Market Cap Falls Below 100 Trillion Won

[Asia Economy Reporter Kwon Jae-hee] LG Energy Solution, which entered the KOSPI market with high investor interest, recorded its lowest price since listing on the 24th due to the aftermath of the Ukraine crisis.

As of 2:23 PM on the day, LG Energy Solution was trading at 420,000 KRW on the KOSPI market, down 4.98% from the previous trading day. This is the lowest price since its listing last month.

Accordingly, LG Energy Solution's market capitalization fell below 100 trillion KRW for the first time.

With the IPO expectations and index inclusion supply-demand events concluded, the scheduled inclusion in the KOSPI 200 index next month, making it a target for short selling, appears to have acted as a negative factor.

The Korea Exchange announced on the 22nd that LG Energy Solution met the criteria for special inclusion upon new listing and will be newly included in indices such as KOSPI 200, KOSPI 100, KOSPI 50, and KRX 100.