Three key themes drove today's market close: booming US power infrastructure, fertilizer price spikes from China's sulfate ban, and solar sector gains amid US tariffs.
1. Wires & DC Power Infrastructure
US demand for direct current (DC) power infrastructure is expanding to an estimated 95 trillion won. LS Electric has secured a 320 billion won order for North American DC projects. Sanil Electric will supply 50.3 billion won worth of transformers to Bloom Energy, fueling the sector's momentum.
2. Fertilizers & Feed
China's decision to ban sulfuric acid exports is pushing fertilizer prices higher, raising costs for feed and livestock. Concerns over food inflation are spreading across global markets.
3. Solar Energy
US regulations on Chinese solar imports are boosting domestic producers. Hanwha Solutions and OCI Holdings have reported improved earnings, driven by tariff barriers that are expanding US sales.