Following news that South Korea will participate in the development of NASA's next-generation space telescope, space theme stocks led by Sphere are strong on the 2nd. Optical communication stocks also gained momentum on expanding AI data center demand and expectations for next year's U.S. Federal Communications Commission spectrum auction.
As of 11:23 a.m. on the 2nd, Sphere is trading at 24,800 won, up 1,850 won (8.06%) from the previous close. Nara Space Technologies is trading at 15,060 won, up 900 won (6.36%), and Korea Aerospace Industries is trading at 131,700 won, up 4,600 won (3.62%). Intellian Tech is also strong, rising in the 5th% range.
While KOSPI trades sideways and KOSDAQ shows a slight decline, space theme stocks are all in the red on expectations for the NASA project. News that the Korea Astronomy and Space Science Institute will participate as an international cooperation partner in NASA's next-generation far-infrared space telescope PRIMA project acted as a positive factor.
Kim Ju-yeon, a researcher at Mirae Asset Securities, analyzed, "The news of the Korea Astronomy and Space Science Institute's participation in the NASA space telescope project has led to strength in related themes such as Sphere and Intellian Tech."
Kang Jin-hyuk, a researcher at Shinhan Investment Corp, noted, "With no special events in the U.S. market overnight, KOSPI is showing a pause following the previous day's rally," adding, "In KOSDAQ, stocks highlighted by participation in NASA's next-generation projects and positive factors in the AI value chain are strong."
Optical communication stocks also showed joint strength on this day. Daehan Optical Communications rose in the 5th% range, Solid in the 6th% range, and OISolution in the 8th% range. Information and communications equipment company Mercury hit its daily upper limit, rising to 6,250 won. Ace Tech and KM Double U surged in the 10th% range during trading hours.
This is the result of expanding AI data center demand combined with expectations for spectrum auctions led by the U.S. Federal Communications Commission (FCC). Researcher Kim Ju-yeon diagnosed, "Large-scale FCC spectrum auctions have become visible, and expectations for domestic companies to benefit from regulations on Chinese-made equipment and parts have grown," adding, "Network infrastructure advancement is required due to the spread of AI data centers, leading to strength in related stocks."
The refining industry, which moves along with international oil prices, also showed strength this morning. S-Oil surged in the 9th% range, and SK Innovation rose in the 6th% range. GS was up in the 2nd% range, and Heunggu Petroleum on KOSDAQ rose in the 3rd% range, showing strength.
Meanwhile, KOSPI has been fluctuating repeatedly around the 6,970-6,980 line this morning. As of 11:45 a.m., it showed 6,980.16, up 8.81 points (0.13%) from the previous close. At the same time, KOSDAQ turned to decline at 892.95, down 1.34 points (0.15%).
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