KOSDAQ robotics stocks are experiencing a strong rally in early trading, driven by heightened expectations following Samsung Electronics' establishment of a dedicated robotics division.
As of 9:48 a.m. on July 22, Cosmo Robotics saw its shares rise by 4,050 won (29.96%) to 17,570 won, hitting the upper limit. TXR Robotics (29.95%) and iRobotics (29.89%) also reached their price limits. An Robotics increased by 25.00%, while SPG gained 24.70%.
Major robotics stocks joined the upward trend as well. Rainbow Robotics traded up 21.02% at 498,000 won, with Doosan (15.14%), Roboteers (13.96%), Robostar (13.92%), CloBot (12.69%), Hyulim Robot (11.76%), and Doosan Robotics (10.17%) all recording double-digit increases.
The surge in robotics stocks is attributed to Samsung Electronics' recent announcement of expanding its robotics business. On July 21, CEO and DX Division Head Roh Tae-moon revealed the creation of the 'Robotics Experience (RX) Business Promotion Office,' which will oversee strategy formulation, core technology development, and product planning for the robotics sector.
Market analysts believe that Samsung's strengthened robotics initiatives could serve as a catalyst for the growth of the domestic robotics ecosystem. There is also speculation that Samsung may pursue mergers and acquisitions or equity investments in robotics firms, leading to increased buying interest in companies with relevant technologies.
* This article has been translated by AI.
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