Hyundai E&C's stock price is down more than 4% during trading. Although it started off strong, the stock plummeted after news broke of an accident at a construction site of its subsidiary, Hyundai Engineering.
According to the Korea Exchange and others on the 25th, as of 11:37 a.m. that day, Hyundai E&C's stock price recorded a drop of 4.11% from the previous day to 33,850 won.
After starting at 35,200 won, slightly lower than the previous trading day, it turned to an upward trend, rising to 36,300 won at one point during the session, but is now plummeting.
An accident at a highway construction site that occurred around 9:49 a.m. led to the decline in Hyundai E&C's stock price. The main contractor at the construction site is reported to be Hyundai Engineering, a subsidiary of Hyundai E&C.
According to the Fire Agency, an accident is presumed to have occurred this morning around 9:49 a.m. at the highway construction site near Dorimri in the northwest district of Cheonan.
This accident resulted in two deaths. Additionally, there were four seriously injured and one with minor injuries, while the remaining three trapped individuals are currently being searched for.