[Market Focus] Tesla Rises on Musk's Management Focus... Korean Secondary Battery Stocks Up

As Elon Musk, CEO of Tesla, announced that he would focus on management, domestic secondary battery-related stocks are showing a collective upward trend.

As of 10:43 a.m. on May 28, POSCO Future M was trading at 108,500 won, up 8,400 won (8.39%) from the previous trading day. At the same time, EcoPro Materials rose by 3,400 won (8.28%) to 44,450 won, and Lotte Energy Materials increased by 1,450 won (7.29%) to 21,350 won.

In addition, Samsung SDI (5.81%), EcoPro (5.08%), SK Innovation (5.12%), EcoPro BM (4.93%), POSCO Holdings (4.64%), LG Chem (4.48%), and LG Energy Solution (3.67%) also saw simultaneous gains.

On May 27 (local time), Tesla rose by 6.94% on the New York Stock Exchange. This was influenced by CEO Musk once again emphasizing his commitment to focus on his businesses. On May 24, through the social networking service X (formerly Twitter), he stated that it was necessary to be "super focused" on X, artificial intelligence (AI) company xAI, and Tesla.