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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Hanwha Aerospace’s stock closed down more than 5% on the 15th, following a sharp decline in U.S. markets and its designation as an investment warning stock.
According to the Korea Exchange (KRX), Hanwha Aerospace shares closed at KRW 908,000, down 5.52% from the previous session. During the day, the stock fell as much as 11.34% to KRW 852,000.
The KRX announced on the 12th that Hanwha Aerospace would be designated as an investment warning stock starting the 15th. The designation was based on several factors, including a more than 200% increase in the stock price compared to a year ago and unusually high trading activity, with the top 10 accounts influencing the market exceeding thresholds for four or more days over the past 15 trading sessions.
The stock decline was also influenced by the U.S. market drop amid growing concerns of an AI-related bubble. On December 12 (U.S. time), the New York stock market closed lower after Broadcom, an AI semiconductor company, expressed skepticism about the AI industry, leading all three major indices to fall.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
