[Featured Stocks] Battery Stocks Plunge Amid Concerns Over Trump's Second Term

With Donald Trump, the Republican presidential candidate who has opposed environmental policies, elected as the 47th President of the United States, stocks related to secondary batteries are collectively weakening.

As of 10 a.m. today, LG Energy Solution is trading on the KOSPI market at 378,500 KRW, down 12,000 KRW (3.07%) from the previous close.

POSCO Future M is also down 2.31% at 211,500 KRW, and SK Innovation is down 4.24% at 108,300 KRW.

At the same time, on the KOSDAQ market, top market cap stocks related to secondary batteries, EcoPro (-3.12%) and EcoPro BM (-2.76%), are also showing weakness.

According to Samsung KPMG, the automobile and secondary battery industries could be directly impacted by increased tariffs on finished car exports and the reduction of electric vehicle tax credits under the Inflation Reduction Act (IRA). In particular, the reduction of the AMPC (Advanced Manufacturing Production Credit) clause is expected to negatively affect the profitability of Korean automobile and secondary battery companies.

Samjong KPMG Economic Research Institute emphasized, “Protectionism and changes in U.S.-China relations will act as key variables,” and added, “Korean companies need to closely monitor policy changes and seek countermeasures such as building global supply chains, diversifying export countries, and strengthening pricing strategies.”