KOSPI 3010 line retreat… Samsung Group stocks plunge due to Lee Jae-yong’s actual shock

Foreign agency
Vice-Chairman Jae-Yong Lee is courted
Samsung C&T fell by 6%

Photo = Getty Image Bank

Photo = Getty Image Bank

The KOSPI index fell on the second trading day and retreated to the 3010 line.

On the 18th, the KOSPI index closed at 3013.93, down 71.97 points (2.33%) from the previous trading day. On this day, the index showed a downtrend throughout the market, increasing the decline. During the week, it lowered the low to 3003.89.

Foreign institutions net sold 2214 billion won and 2724 billion won, respectively, leading the index decline. Individuals net bought 5139 billion won.

All industries, excluding pharmaceutical transportation equipment construction, etc., fell. Medical precision transport warehouse securities insurance and others fell 3-4%.

Stocks with the highest market capitalization had an advantage. Daejangju Samsung Electronics(85,000 -3.41%)Fell more than 3%. The fact that Vice Chairman Lee Jae-yong was arrested by the court in the sentence of repatriation of’Gukjeong Nongdan’ was a bad thing.

Jaeyong Lee, Vice Chairman of Samsung Electronics.  Photo = Yonhap News

Jaeyong Lee, Vice Chairman of Samsung Electronics. Photo = Yonhap News

On that day, the 1st Criminal Division of the Seoul High Court (Judge Jung Joon-young) sentenced Lee to two years and six months in prison. It has been about four years since he was prosecuted in February 2017 for bribing former President Park Geun-hye and Choi Soon-sil (after the change of name) for help with succession of management rights and bribes. Vice-Chairman Lee was transferred to the Seoul Detention Center, where he was imprisoned for 350 days in the same case from 2017 to 2018.

As a result, most of Samsung Group stocks, including Samsung Electronics, fell. Samsung C&T(143,000 -6.84%)Fell nearly 7%. Samsung Electronics Woo Samsung SDI(706,000 -4.21%) Samsung Life Insurance(78,500 -4.96%) Samsung Engineering(13,200 -3.65%) It fell more than 3%, and(197,500 -1.99%) Samsung Securities(40,600 -2.29%) Samsung Heavy Industries(6,750 -2.74%) Samsung Biologics(788,000 -1.99%) The back showed a 1-2% decline.

LG Chem(964,000 -1.53%) Naver(300,500 -1.80%) cacao(427,500 -2.29%) LG Household & Health Care(1,539,000 -2.59%) The back fell 1-2%.

Celltrion(314,000 -4.56%)Rose during the intraday, but turned downward as profit-taking sales were opened. On that day, the Ministry of Food and Drug Safety verification advisory group recommended conditional approval (separately implemented phase 3 clinical trials during the market) for Celltrion’s Corona 19 antibody treatment,’Recyronaju’.

On the other hand, SK Hynix(130,000 +1.96%) Hyundai Motor Company(241,000 +0.42%) Hyundai Mobis(323,500 +0.62%) Kia Motors(71,500 +0.56%) The back was raised.

The KOSDAQ index closed at 944.67, down 19.77 points (2.05%) from the previous trading day. The institution sold 8.6 billion won in net sales. Individual foreigners each had an advantage in buying 11.2 billion KRW 12.5 billion.

The won-dollar exchange rate in the Seoul foreign exchange market ended at 1103.9 won, up 4.5 won from the previous trading day.

Chae Seon-hee, Hankyung.com reporter [email protected]

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