"The timing is killing me. Trading suspension on a day like today" (LEENO Industrial discussion room)
U.S. President Donald Trump decided to suspend mutual tariffs for 75 countries excluding China for 90 days, causing a surge in the domestic stock market on the 10th. However, LEENO Industrial shareholders were not smiling, as transactions were suspended starting that day for a 5-for-1 stock split.
The average stock price increase for 163 semiconductor and semiconductor equipment stocks was 7.09% as of 9:20 a.m. on the 10th. The stock price of Techwing, which develops and manufactures semiconductor testing equipment, jumped over 10% at the same time. This indicates that if transactions had taken place for LEENO Industrial, the stock price would likely have risen.
LEENO Industrial decided to split its par value from 500 won to 100 won in February to increase the number of outstanding shares. Following the annual shareholders' meeting in March, transactions have been suspended from that day until the 24th for the stock split. Trading is expected to occur at prices reflecting the stock split starting on the 25th.
LEENO Industrial shareholders expressed their disappointment. They experienced stock price adjustments due to tariff concerns from the Trump administration, missing out on the upward market trend. As the Trump administration announced universal mutual tariffs, LEENO Industrial's stock price fell by 10.7% (20,600 won) from the previous day's closing price of 172,300 won to 192,900 won on the 2nd of this month.