Business · Markets · 2 hrs ago
Nvidia tie-up lifts Samsung Electro-Mechanics as battery shares fall
South Korean stocks were mixed early on Oct.
22 after a sharp rise the previous day.
Samsung Electro-Mechanics climbed after confirming cooperation with Nvidia, while Samsung E&A also gained after reporting strong results and announcing a share buyback.
By contrast, LG Energy Solution and other major battery shares fell amid concerns about Tesla's financial results.
The moves showed investors were responding differently to company-specific news rather than moving together.
The early declines left both the KOSPI and KOSDAQ indexes lower.
Trading was still under way, and the market update said it would be refreshed as prices changed.
Samsung Electro-Mechanics shares rose after it formalized cooperation with Nvidia.
Large battery stocks, including LG Energy Solution, fell amid concerns about Tesla’s earnings.
South Korean shares traded lower early on October 22 after a sharp rebound the previous day.
The market showed divergent performance across individual stocks.
- Who
- Samsung Electro-Mechanics and large battery companies, including LG Energy Solution.
- What
- Samsung Electro-Mechanics shares rose after its Nvidia cooperation was formalized, while battery stocks fell.
- When
- Early trading on October 22, 2026.
- Where
- South Korean stock markets.
- Why
- Nvidia cooperation supported Samsung Electro-Mechanics, while concerns about Tesla’s earnings weighed on battery stocks.
This story does not have two clearly opposing sides.
South Korean shares rebounded sharply.
The KOSPI was down 0.37% and the KOSDAQ was down 1.07%.
Samsung Electro-Mechanics rose, while large battery stocks fell.
- Samsung Electro-Mechanics
- Formalized cooperation with Nvidia
- KOSPI
- 5,714.52, down 0.37% at around 9:09 a.m.
- KOSDAQ
- 784.28, down 1.07% at around 9:09 a.m.
- Market context
- South Korean shares were taking a pause after a sharp rebound the previous day