From Dow Jones & Company:



Posco Holdings’ shares rose 7.3% after announcing a joint venture project to produce rare gases for making semiconductors in South Korea. The stock outperformed the benchmark Kospi’s 0.1% fall, rallying after a three-session decline.

This venture represents a significant opportunity for Posco Holdings to tap into the growing demand for semiconductors, which are used in a wide range of electronic devices. The stock’s strong performance reflects investor optimism about the potential success of this new venture and its positive impact on Posco Holdings’ future growth and profitability.

The joint venture project could position Posco Holdings as a key player in the semiconductor supply chain, boosting its reputation in the industry and potentially attracting further investment. Overall, this news has sparked bullish sentiment among investors, driving the stock’s notable increase in value.



Read more: Posco shares climb in Seoul on joint-venture semiconductor project