Recent gains in secondary battery stocks have reversed, with significant declines observed on November 9. Following a surge in stock prices due to expectations of expanded green policies after the U.S. midterm elections, profit-taking has emerged.
According to the Korea Exchange, as of 9:20 a.m., Samsung SDI was trading at 437,500 won, down 6.52% (35,000 won) from the previous trading day.
At the same time, Posco Future M fell 4.08% to 155,200 won, while LG Energy Solution recorded a 2.07% decline to 330,500 won. In the KOSDAQ market, EcoPro dropped 4.53%, and EcoPro BM fell 3.73%.
Previously, secondary battery stocks surged following the Democratic Party's victory in the U.S. midterm elections, raising hopes for strengthened support for green energy policies. On November 4, Samsung SDI rose 11.57%, Posco Future M increased by 10.81%, and LG Energy Solution gained 5.03%.
Additionally, expectations for growth in the energy storage system (ESS) market due to rising power demand from artificial intelligence (AI) data centers also fueled buying interest.
However, the recent rapid increase in stock prices has led to heightened profit-taking pressure, and uncertainty remains regarding whether changes in U.S. green policies will translate into improved performance for the battery industry, contributing to the ongoing market correction.
* This article has been translated by AI.
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