Jusung Engineering Drops to 140,000 Won Range... 'Black Friday' on US-Iran Tensions, Can a Rebound Be Expected Next Week?
Jusung Engineering plunged on the 24th, falling to the 140,000 won range, as investor sentiment contracted amid escalating military tensions between the United

Jusung Engineering plunged on the 24th, falling to the 140,000 won range, as investor sentiment contracted amid escalating military tensions between the United States and Iran. Following the steep sell-off dubbed 'Black Friday,' market attention is now focused on whether the stock can stage a rebound in next week's trading sessions.
According to the Korea Exchange, Jusung Engineering closed at 141,000 won on the KOSDAQ market on the 24th, down 22,900 won (-13.97%) from the previous trading day. As military tensions between the US and Iran escalated, risk-off sentiment toward risk assets strengthened significantly, which is analyzed to have widened the decline.
On this day, the domestic stock market recorded a crash virtually on the level of a 'Black Friday.' The KOSPI closed at 6,690.62, plunging 406.27 points (5.72%) from the previous trading day, and the KOSDAQ also fell in tandem. During the session, sell-side circuit breakers were triggered for both the KOSPI and the KOSDAQ, sharply increasing volatility.
Meanwhile, despite the short-term correction phase, interest remains in the mid- to long-term growth outlook of the domestic semiconductor and AI industries. President Lee Jae-myung announced the 'San Francisco AI Declaration' at the 'San Francisco AI Summit' held in San Francisco, USA, presenting a vision to foster South Korea as a key nation in the global AI supply chain. As a blueprint was laid out to expand AI semiconductor production bases and supply chains based on memory semiconductor competitiveness and to promote large-scale AI investment, attention is also focused on the mid- to long-term impact on the semiconductor equipment sector.
Investors are closely watching whether Jusung Engineering can form a rebound trend in next week's market following this sharp decline, or whether a consolidation phase will continue for the time being.
[This article was written based on market conditions and publicly available information such as disclosures, and does not constitute a recommendation to buy or sell any specific stock or an investment solicitation. Investment decisions and the resulting responsibilities rest solely with the investor.]
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