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Nuclear Power Stocks Close Lower Across the Board... KEPCO E&C Falls 6.60%, the Most; FOMC Outcome a 'Variable' for Rebound

Domestic nuclear power-related stocks closed uniformly lower in the regular session on the 16th. With most major shares ending in decline, attention is focused on the possibility of a rebound ahead. ■ Doosan Enerbility and KEPCO E&C Close Lower Doosan Enerbility finished at 84,100 won, down 2.43%

Oseong Kwon
Staff Reporter
4 min read
Nuclear Power Stocks Close Lower Across the Board... KEPCO E&C Falls 6.60%, the Most; FOMC Outcome a 'Variable' for Rebound
CBC News

Domestic nuclear power-related stocks closed uniformly lower in the regular session on the 16th. With most major shares ending in decline, attention is focused on the possibility of a rebound ahead.

■ Doosan Enerbility and KEPCO E&C Close Lower

Doosan Enerbility finished at 84,100 won, down 2.43% from the previous trading day. KEPCO E&C closed at 134,300 won, down 6.60%, recording the largest decline among the compared stocks.

Other stocks also failed to escape weakness. Woojin ended trading at 14,290 won, down 3.05%, and Woori Technology finished at 12,910 won, down 2.27%, while Daechang Solution also closed at 1,900 won, down 2.31%.

In addition, KEPCO KPS fell 1.68% to 46,800 won, Orbitech dropped 1.40% to 5,620 won, and Woojin Entek declined 1.19% to 14,100 won. Korea Electric Power Corporation closed down 0.95% at 31,050 won, and Soosan IndCo ended down 0.23% at 21,550 won.

■ Only Geumhwa PSC and Mobis Close Higher

Only a handful of stocks showed strength on the day. Geumhwa PSC closed at 34,250 won, up 0.88%, and Mobis finished at 3,010 won, up 1.00%.

■ FOMC Outcome a 'Variable' for a Rebound

With nuclear power stocks falling together on the day, whether they can recover their losses from the next trading session onward has emerged as a key point of interest. However, the outcome of the U.S. Federal Open Market Committee (FOMC) meeting, to be announced early on the 17th Korean time, and the Federal Reserve's signals on future monetary policy will need to be examined for their impact on investment sentiment in the New York stock market and the broader domestic market.

As market volatility could increase depending on the FOMC outcome, it is necessary to monitor not only individual sector news such as nuclear power plant orders but also supply and demand trends.

[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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