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LG Innotek Shares Plunge Over 8%, Falling Below 600,000 Won, Bucking KOSPI Strength

LG Innotek (011070) plunged during trading on the 1st, falling below the 600,000 won level. As of 1:16 p.m. that day, LG Innotek was trading at 587,500 won, down 54,500 won (8.49%) from the previous trading day. Unlike the previous day, when it closed up more than 5% after shaking off intraday weak

Oseong Kwon
Staff Reporter
2 min read
LG Innotek Shares Plunge Over 8%, Falling Below 600,000 Won, Bucking KOSPI Strength
CBC News

LG Innotek (011070) plunged during trading on the 1st, falling below the 600,000 won level.

As of 1:16 p.m. that day, LG Innotek was trading at 587,500 won, down 54,500 won (8.49%) from the previous trading day. Unlike the previous day, when it closed up more than 5% after shaking off intraday weakness, the stock widened its losses today, giving back the prior day's gains. Market attention is focused on whether it can recover the 600,000 won level by reducing losses in the latter half of the session.

At the same time, the KOSPI was up 0.37 points from the previous trading day at 6,820.39, maintaining a modestly bullish trend. With LG Innotek's pronounced weakness continuing even as the index holds steady, attention is turning to the stock's future price movement.

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

Oseong Kwon
Staff Reporter

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