SEOUL: The KOSPI 200 index experienced a day of mixed results as the closing prices on Tuesday reflected a widespread decline among the majority of stocks on the main Korea Stock Exchange. Prominent companies such as Kia Corp., SK Innovation, and LG Chem reported significant drops in their stock values. Despite these losses, a few companies, including Samyang Food and Shinsegae, saw their stock prices rise.
According to Yonhap News Agency, Kia Corp. faced a substantial decrease, with its stock price falling by KRW 2,500 to close at KRW 92,500. Similarly, SK Innovation and LG Chem saw their prices drop by KRW 2,000 and KRW 12,500, closing at KRW 112,400 and KRW 318,000, respectively. Other companies such as Samsung SDS and Hyundai Motor also recorded declines, with Samsung SDS down KRW 2,100 and Hyundai Motor decreasing by KRW 2,500.
In contrast, Samyang Food experienced a notable increase in its stock price, rising by KRW 12,000 to close at KRW 563,000. Shinsegae and Korea Aerospace also saw increases, with
their prices going up by KRW 1,100 and KRW 900, respectively. Additionally, KB Financial Group and Hyosung posted gains, closing up by KRW 600 and KRW 1,200.
Despite some gains, the broader trend on the exchange was downward, with companies like Cosmo AM and T and Nongshim experiencing declines of KRW 5,600 and KRW 7,000, respectively. This trend was reflected across various sectors, indicating a challenging day for investors trading on the KOSPI 200.