[Featured Stock] Giant Step Soars 20% Intraday on Roblox Surge Effect

[Asia Economy Reporter Minji Lee] Giant Step, considered a metaverse-related stock, is showing an intraday rise of over 20%.

At 9:28 a.m. on the 18th, Giant Step was trading at 19,850 KRW, up 21.04% from the previous trading day. The company's stock price surged to as high as 20,650 KRW during the session.

This is analyzed to be influenced by the nearly 20% rise of Roblox, a metaverse gaming company, in the U.S. stock market the previous day.

Roblox announced last month that its daily active users reached 57.8 million, a 23% increase compared to the same month last year, which led to a significant rise. Total usage time increased by 16% to 4 billion hours, and estimated booked revenue was between 212 million and 219 million USD, expected to be 11-15% higher than a year ago.