Hyosung, a KOSPI-listed company, saw its share price weaken in early trading on the 14th. The aftermath appears to be continuing from its designation as an investment alert issue by the Korea Exchange (KRX) on the 12th.
As of 9:26 a.m. on the day, Hyosung was trading at 136,300 won, down 10,700 won (7.28%) from the previous day.
Hyosung was designated as an investment alert issue after the regular session on the 11th, in a disclosure by the Korea Exchange (KRX). The exchange disclosed, "If the share price rises 40% or more for two days after the designation date of the investment alert issue and is higher than the closing price on the day before the designation, trading may be suspended once."
After the disclosure, Hyosung's share price plunged 10.53% over two trading days through the 13th. The share price is continuing to fall on the day.
Meanwhile, Hyosung said on Oct. 31 that on a consolidation basis, third-quarter sales this year were 612.2 billion won and operating profit was 121.9 billion won. Compared with the same period last year, sales rose 6.0% and operating profit increased 157.2%.