On the 27th, stocks of domestic wire, cable, and power equipment companies are on the rise in the stock market. Expectations are growing that exports of wires and transformers will surge due to increased power demand driven by data centers amid the expansion of the AI (artificial intelligence) market.
As of 12:59 PM on the day, Gaon Jeonseon is trading at 54,000 KRW, up 13.56% from the previous day's closing price. Following a 5.43% increase the day before, it has risen sharply for two consecutive days. On the previous day, Daewon Jeonseon rose more than 20% and is currently showing a flat trend. Among the same wire stocks, Daehan Jeonseon and Iljin Jeongi are showing gains in the 3% range.
Power equipment stocks such as HD Hyundai Electric and LS ELECTRIC are also showing increases of 5% to 7%. Both companies have seen their stock prices rise significantly recently as orders for ultra-high voltage transformers driven by data centers have increased. Hyosung Heavy Industries has also shown a long-term upward trend on expectations of increased ultra-high voltage transformer orders but has recently experienced a slight correction.
A securities industry official said, "As power facilities increase in the US and Europe, it is expected that orders for domestic wire, cable, and power equipment companies with excellent technology will accumulate," adding, "The stock price rise of related companies is also expected to continue in the long term."
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