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Hanwha Ocean Plunges 7%, Entering '50,000-Won Ocean' Territory… KOSPI Down 3.80% and KOSDAQ Down 2.77% in Broad Weakness

Hanwha Ocean (042660) fell more than 7% during trading on the 20th, with its share price dropping below the 60,000-won level. As the stock entered the so-called '50,000-won Ocean' zone, the KOSPI and KOSDAQ also declined together, spreading a weak sentiment across the domestic stock market. As of 1

Oseong Kwon
Staff Reporter
3 min read
Hanwha Ocean Plunges 7%, Entering '50,000-Won Ocean' Territory… KOSPI Down 3.80% and KOSDAQ Down 2.77% in Broad Weakness
CBC News

Hanwha Ocean (042660) fell more than 7% during trading on the 20th, with its share price dropping below the 60,000-won level. As the stock entered the so-called '50,000-won Ocean' zone, the KOSPI and KOSDAQ also declined together, spreading a weak sentiment across the domestic stock market.

As of 1:01 p.m. on the 20th, Hanwha Ocean was trading at 59,700 won, down 4,500 won (-7.01%) from the previous trading day. Having lost the 60,000-won level that day, the stock's price trend faces increased pressure. With the decline exceeding 7%, attention is also focused on the possibility of further intraday price volatility.

At the same time, the domestic stock market also failed to escape its downward trend. The KOSPI fell 219.60 points (-3.80%) from the previous trading day to 5,548.41, while the KOSDAQ dropped 22.47 points (-2.77%) to 786.42. With both indices falling sharply, Hanwha Ocean's decline, which exceeded the KOSPI's drop, drew attention.

The key question is whether the stock can attempt to recover the 60,000-won level during the remaining trading hours. With the share price having fallen to the upper 50,000-won range, attention is on supply and demand changes in the afternoon session and the movements of the two major indices. It remains to be seen whether Hanwha Ocean can narrow its intraday losses and find a cue for a rebound, or continue trading in the '50,000-won Ocean' zone.

[※ This article was written based on market prices as of 1:01 p.m. on the 20th, and intraday stock prices and indices are subject to change.]

Oseong Kwon
Staff Reporter

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