Seoul shares nose-dive 9% on tech losses amid Middle East tensions
Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won
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Summary
Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won. Market bellwether Samsung Electronics plunged 10.7 percent to 254,500 won, while its chipmaking rival SK hynix plummeted 15.37 percent to 1,845,000 won. Seoul shares nose-dive 9% on tech losses amid Middle East tensions.
Furthermore, Trade volume was moderate at 469.86 million shares worth 39.8 trillion won ($26.5 billion), with decliners far outnumbering gainers 713 to 179. Institutions and foreigners sold a net 2.22 trillion won and 1.7 trillion won worth of shares, respectively, while individuals bought a net 3.9 trillion won. Top carmaker Hyundai Motor fell 2.95 percent to 444,000 won, and defense giant Hanwha Aerospace declined 3.21 percent to 936,000 won.
In addition, Despite the successful US market debut, SK hynix shares tumbled as investors took profits and shifted to the company's ADRs, analysts said. Investor sentiment was also dampened by heightened uncertainty in the Middle East after the United States and Iran exchanged fresh strikes over the status of the Strait of Hormuz.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won.
reliability low1/2 sourcesMarket bellwether Samsung Electronics plunged 10.7 percent to 254,500 won, while its chipmaking rival SK hynix plummeted 15.37 percent to 1,845,000 won.
reliability low1/2 sourcesSeoul shares nose-dive 9% on tech losses amid Middle East tensions.
reliability low1/2 sourcesTrade volume was moderate at 469.86 million shares worth 39.8 trillion won ($26.5 billion), with decliners far outnumbering gainers 713 to 179.
reliability low1/2 sourcesInstitutions and foreigners sold a net 2.22 trillion won and 1.7 trillion won worth of shares, respectively, while individuals bought a net 3.9 trillion won.
reliability low1/2 sourcesTop carmaker Hyundai Motor fell 2.95 percent to 444,000 won, and defense giant Hanwha Aerospace declined 3.21 percent to 936,000 won.
reliability low1/2 sourcesDespite the successful US market debut, SK hynix shares tumbled as investors took profits and shifted to the company's ADRs, analysts said.
reliability low1/2 sourcesInvestor sentiment was also dampened by heightened uncertainty in the Middle East after the United States and Iran exchanged fresh strikes over the status of the Strait of Hormuz.
reliability low1/2 sources
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