South Korean battery stocks rally on US midterm election outcome

LG Energy Solution

04/11/2026 06:07

** Shares of South Korean battery makers rally as Democrats take the House and Senate in US midterm elections
** LG Energy Solution 373220.KS rises more than 4%, Samsung SDI 006400.KS surges more than 10%, and SK Innovation 096770.KS jumps more than 2%
** Battery materials makers POSCO Holdings 005490.KS and LG Chem 051910.KS gain more than 2% each
** Investors expect Democrats to favour more climate-friendly policies such as electric vehicles
** KOSPI erases earlier losses to trade little changed as of 0603 GMT, as gains in battery makers offset losses in chipmakers

(Reporting by Jihoon Lee)
((jihoon.lee@thomsonreuters.com))