[Special Stock] Samsung Electronics Plummets Over 5%... Falls Below 50,000 Won Intraday

[Asia Economy Reporter Minji Lee] Samsung Electronics is experiencing a decline of over 5% during trading hours.

At 11:03 AM on the 12th, Samsung Electronics was traded at 49,550 KRW on the KOSPI market, down 4.89% from the previous session. On the same day, Samsung Electronics fell to 49,300 KRW, breaking the 50,000 KRW mark during trading hours. This is about a 20% drop from this year's highest closing price of 62,300 KRW.

The Samsung Electronics stock price falling below 50,000 KRW is the first time since December 5 of last year.

At the same time, the KOSPI index was trading at 1,821.43, down 4.55% (86.44 points) from the previous session. The domestic stock market is showing weakness due to the World Health Organization (WHO) declaring a pandemic over the spread of the novel coronavirus (COVID-19).

This content was produced with the assistance of AI translation services.