Securities stocks were all falling early on the 11th. The drop is seen as a result of weakened investor sentiment in Korea's stock market after U.S. stocks corrected when the Middle East situation worsened the previous day.
As of 9:33 a.m. that day on the Korea Exchange, Mirae Asset Securities was trading at 46,300 won, down 4,900 won (9.57%) from the previous session. Meritz Financial Group, Kiwoom Securities, and NH Investment & Securities were also down 3.97%, 3.50%, and 3.11%, respectively.
At the same time, Korea Investment Holdings, SK Securities, Kyobo Securities, Sangsangin Investment & Securities, Hanwha Investment & Securities, Shinyoung Securities, Daishin Securities, Samsung Securities, and Eugene Investment & Securities were also down 1%–3%.
The reason securities stocks are falling is largely seen as investor sentiment in the domestic market being dampened by the spillover from the U.S. market's correction following instability in the Middle East the previous day.