[Featured Stock] LG Group shares close mixed, watching 'NVIDIA cooperation' (Comprehensive)

[Featured Stock] LG Group shares close mixed, watching 'NVIDIA cooperation' (Comprehensive)

On the 24th, LG Group-related stocks showed mixed movements despite expectations of cooperation with NVIDIA.

On this day, LG Electronics[066570] closed at 204,500 won on the KOSPI market, up 1.24% from the previous trading day.

The stock started with a 0.25% increase, jumped to 209,500 won during the day, then fell to 198,200 won, repeatedly fluctuating before finally closing higher.

Previously, LG Electronics rose 7.57% on the 22nd, buoyed by the news of key executives from LG Group affiliates visiting NVIDIA's headquarters in the US, but then plunged 11.21% the next day as some of the expectations were reversed.

Investors appeared cautious about LG Group stocks as a whole, watching whether the expectations of cooperation with NVIDIA would lead to actual business performance.

Holding company LG[003550] (0.61%), preferred stocks LG Woo[003555] (0.62%) and LG Electronics Woo[066575] (0.83%), and LG Energy Solution[373220] (0.97%) closed higher.

On the other hand, LG CNS[064400] (-0.88%), LG Uplus[032640] (-1.41%), and LG Innotek[011070] (-3.43%) closed lower after fluctuating throughout the day.

Meanwhile, a large working group consisting of about 30 people, including key executives from LG Group, as well as working-level staff from LG Electronics, LG Innotek, LG CNS, and LG AI Research Institute, attended this NVIDIA visit.

They reportedly held working-level discussions with NVIDIA to explore commercialization possibilities through technical sessions and discussions on cooperation tasks, and to derive priority tasks.