South Korea's KOSPI index closed above 3,200 for the first time in seven sessions, driven by strong foreign buying and a surge in SK Group battery stocks after SK On secured a major North American ESS contract.
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POSCO Future M Co. canceled a 950 billion won ($700 million) ESS supply contract—25.5% of annual sales—after the counterparty exited the business, sending shares sharply higher before gains moderated after hours.
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