Hanwha Aerospace shares were weak in early trading on the 15th. The drop in U.S. stocks and the stock's designation as an investment warning issue appear to have weighed on sentiment.
As of 9:53 a.m. that day, Hanwha Aerospace was trading at 924,000 won, down 37,000 won (3.85%) from the previous session.
After the close on the 12th, the Korea Exchange (KRX) said it would designate Hanwha Aerospace as an investment warning issue from the 15th. The reasons included that the share price had risen more than 200% from a year earlier and, over the past 15 days, the involvement ratio of the top 10 accounts by buying participation, adjusted for price impact, exceeded the threshold for at least four days.
The exchange said, "If the share price rises an additional 40% or more over the next two trading days and is higher than the closing price (961,000 won) on the day before the investment warning designation, trading may be suspended for one day."