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[Breaking] LG Innotek Plunges Below 1 Million Won as VI Triggered... KOSPI and KOSDAQ Tumble Over 6%

On the afternoon of the 23rd, LG Innotek (011070) plummeted during trading, triggering a Sidecar Mechanism (VI). According to the Korea Exchange, as of 12:49 p.

CBC News Desk
Staff Reporter
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[Breaking] LG Innotek Plunges Below 1 Million Won as VI Triggered... KOSPI and KOSDAQ Tumble Over 6%
CBC News

On the afternoon of the 23rd, LG Innotek (011070) plummeted during trading, triggering a Sidecar Mechanism (VI).

According to the Korea Exchange, as of 12:49 p.m. that day, LG Innotek was trading at 1,018,000 won, down 112,000 won (-9.91%) from the previous trading day. During the session, it dropped as low as 1,008,000 won.

A static VI was triggered for LG Innotek at 12:41:24 p.m. and was lifted about two minutes later at 12:43:46 p.m.

Overall market investor sentiment also shrank significantly. At the same time, KOSPI fell 6.01% to 2,566.03, and KOSDAQ declined 6.12% to 909.09, with both indices continuing their sharp downward trend. In particular, the KOSPI market saw an expansion in program selling, deepening the decline.

Investors are closely watching whether LG Innotek can hold the 1 million won support level, as well as the market's future direction amid widening volatility.

[※ This article is for investment reference only, and the responsibility for investment decisions lies with the investor.]

CBC News Desk
Staff Reporter

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