Amid concerns over tariffs from the United States and the resumption of short selling, secondary battery-related stocks are showing a simultaneous decline in the domestic stock market on the 31st.
As of 9:56 a.m. on the first day of the short selling resumption, Lotte Energy Materials is trading at 22,950 KRW per share, down 4.57% from the previous session. This is a result of secondary battery-related stocks becoming primary targets for short selling, increasing downward pressure on their prices.
Posco Future M and EcoPro BM, which had been mentioned early on as potential short selling targets due to a sharp increase in loan balances, are also showing declines of around 5% each. LG Energy Solution fell 4.49%, and POSCO Holdings slipped 3.42%. SK Innovation, whose short selling trading ratio exceeded 8% this morning, saw its stock price drop 3.72%.
Until now, the securities industry had repeatedly analyzed that the secondary battery sector could be a target ahead of the resumption of short selling. The secondary battery sector has recently seen a significant increase in the proportion of loan balances. Additionally, the upcoming announcement of reciprocal tariffs by the Donald Trump administration in the United States on the 2nd of next month is also considered a factor dragging down secondary battery-related stocks recently.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
