[Special Stock] Norangpungseon Plummets 9.81% Amid COVID Doubling... View original image


[Asia Economy Reporter Hwang Junho] On the 12th, Norangpungseon is plummeting in the stock market. Signs of a resurgence of COVID-19 are impacting the stock prices of the travel industry, which is entering its peak summer season.


On this day, Norangpungseon's stock price is trading at 7,170 KRW, down 9.81% from the previous session. The aftermath of the COVID-19 resurgence appears to be causing a cold wind in stock prices.


As the government announced that the COVID-19 epidemic has shifted to an expansion phase, the number of new COVID-19 cases as of midnight was recorded at 12,693.


The number of new confirmed cases on this day is double compared to a week ago on the 4th (6,249 cases) and 3.7 times higher than two weeks ago on the 27th of last month (3,423 cases).


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The number of new confirmed cases had steadily decreased since mid-March but recently has shown a 'doubling' phenomenon, with the number of cases doubling every week.


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