Amid a sharp shake-up in the domestic stock market over the past month due to the war between the United States and Iran, it was shown to have declined for 7 out of 10 listed stocks since the outbreak of the war.
According to the Korea Exchange (KRX) on the 10th, as of the previous day (the 9th), the number of stocks that posted negative (-) returns on the Korea Exchange and KOSDAQ markets compared with Feb. 27, the last trading day just before the outbreak of the Iran war, totaled 1,920. That accounts for 69% of all stocks (2,773) listed on the Korea Exchange and KOSDAQ markets.
In the Korea Exchange market, 689 stocks fell, representing 73% of all KOSPI stocks (950). In the KOSDAQ market, 1,231 stocks, or 68% of all KOSDAQ stocks (1,823), declined.
In the bear market, 52-week lows also poured in. Since the Iran war broke out through the previous day, 831 stocks on the Korea Exchange and KOSDAQ markets hit 52-week lows, amounting to 30% of all stocks. In other words, 1 out of every 3 domestically listed stocks recorded a 52-week low.
During this period, the KOSPI stock with the steepest decline was KOAS, which plunged 58.70%. The share price, which was 3,530 won at the end of Feb., tumbled to 1,458 won this month.
Next were UNI CHEM (-44.%), GeneOne Life Science (-42.3%), CK Solution (-40.9%), and Kyungdong Invest (-40.0%).
Although the United States and Iran agreed to a cease-fire, the securities industry sees the potential for market volatility to expand depending on the progress of the talks.
Lee Kyung-min, a researcher at Daishin Securities, said, "Over the next two weeks, there is room for market volatility to expand in the short term depending on the progress of the talks and whether the war ends," adding, "Opinions are split over the 10 items presented by Iran, and if recognition of the nuclear program emerges as a key sticking point, end-of-war negotiations are likely to face difficulties."