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Jusung Engineering Plunges 7.99%... Geopolitical Risks from U.S.-Iran Tensions Threaten 150,000-Won Level

Jusung Engineering (036930) showed a sharp decline during trading on the 24th, facing the risk of falling below the 150,000-won level. Recently, geopolitical ri

Oseong Kwon
Staff Reporter
4 min read
Jusung Engineering Plunges 7.99%... Geopolitical Risks from U.S.-Iran Tensions Threaten 150,000-Won Level
CBC News

Jusung Engineering (036930) showed a sharp decline during trading on the 24th, facing the risk of falling below the 150,000-won level. Recently, geopolitical risks arising from heightened tensions between the United States and Iran have dampened global market sentiment for risk assets, causing the domestic stock market to trend downward as well.

As of 11:14 a.m. on the 24th, Jusung Engineering is trading at 150,800 won, down 13,100 won (7.99%) from the previous trading day, showing strong bearish momentum.

At the same time, the KOSPI is at 6,818.69, down 278.20 points (3.92%), and the KOSDAQ is at 763.20, down 27.08 points (3.42%), with both major indices plunging in tandem.

Profit-Taking Selling Emerges... Tech Stocks Including Semiconductors Decline

As geopolitical tensions in the Middle East escalated, international oil prices surged, which further heightened volatility in global stock markets. Accordingly, profit-taking selling has emerged mainly in tech stocks, including semiconductors, and Jusung Engineering is also widening its losses amid such market sentiment.

What Are the Key Investment Variables Going Forward?

The market has cited changes in the Middle East situation, international oil price trends, foreign investor supply and demand, and the recovery of global semiconductor investment sentiment as the key variables that will determine future stock price movements. In particular, investors are focusing on the possibility that the current tension could be prolonged, leading to continued expansion of volatility across the domestic stock market as a whole.

[※ This article is for reference in making investment decisions and does not recommend buying or selling any specific stock. The responsibility for investment decisions lies with the investor.]

Oseong Kwon
Staff Reporter

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