Five Stocks Including Dongil Industry Fall...Suspected Second 'SG Incident'

[Image source=Yonhap News]

On the 14th, five stocks including Dongil Industry and Daehan Textile, which had steadily risen over the past few years, were hitting the lower price limit during trading. This mass plunge reminiscent of the sharp drop caused by Soci?t? G?n?rale (SG) Securities at the end of April this year has also drawn the attention of the Korea Exchange.

On this day, in the KOSPI market, four stocks?Dongil Industry, Banglim, Manho Steel, Daehan Textile?and one KOSDAQ stock, Dongil Metal, all entered the lower price limit around the same time.

These stocks showed weakness throughout the morning, with Banglim hitting the price limit down first at around 11:46 AM, followed by Dongil Metal plummeting to the lower price limit at 11:57 AM. Dongil Industry, Manho Steel, and Daehan Textile subsequently reached the lower price limit between 12:10 and 12:15 PM.

The Korea Exchange is currently investigating the cause of this mass decline among the five stocks. A representative from the exchange stated, "We are examining the ongoing situation through market surveillance and monitoring systems."

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