Daewon Electric Wire & Cable's stock price is soaring in early trading on the 29th.
As of 9:38 a.m. that day, Daewon Electric Wire & Cable was trading at 3,215 KRW, up 12.81% (365 KRW) from the previous trading day.
It is analyzed that buying pressure is pouring into Daewon Electric Wire & Cable, a wire stock, as copper prices have recently surged.
Kim Dohyun, a researcher at Samsung Securities, stated in a recent report, "Copper prices have risen 12% so far this year, causing a rebound in the stock prices of major copper-related companies," adding, "Recently, copper mining and smelting companies have been showing signs of production cuts one after another, generating positive signals on the supply side. Additionally, advanced countries are wary of the potential surge in power demand due to the proliferation of artificial intelligence (AI) data centers, further adding to demand expectations."
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