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KEPCO Surges Over 6% on Rumors of Westinghouse Stake Acquisition
Utilities · Electric Utilities · yonhap_finance · 2026-08-26
015760, 052690
KEPCO shares jumped over 6% following reports of a potential joint acquisition of a stake in Westinghouse, despite government denials.
What Happened
Stock Surge: Korea Electric Power Corporation (KEPCO) closed at 34,800 KRW, up 6.42%. The stock saw significant volatility, climbing over 11% during the session as investor interest peaked.
Background of Rumors: Reports suggesting that the U.S. government proposed a joint acquisition of a stake in Westinghouse fueled market optimism. Investors viewed this as a potential strategic move to resolve intellectual property disputes related to nuclear power exports.
Government Stance: The Ministry of Trade, Industry and Energy officially denied the reports, stating they were not factual. Nevertheless, the market remained optimistic about potential strengthened cooperation in the nuclear sector.
Related Stocks: Following KEPCO's rally, KEPCO E&C also saw a significant gain of 13.63%, reflecting a broader positive sentiment across nuclear-related stocks.