[Featured Stock] Geumyang Falls 7.5% on MSCI Inclusion Failure News
Geumyang is weak as it was not included in the Morgan Stanley Capital International (MSCI) Korea Index constituent stocks.
As of 10:19 AM on the 11th, Geumyang was trading at 132,900 KRW, down 7.45% from the previous trading day.
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On the 10th (local time), global stock index compiler MSCI announced in its August regular review that it would newly include Ecopro, Hanmi Semiconductor, Hanwha Ocean, and JYP Ent. in the Korea Index. On the other hand, two stocks, CJ and Emart, are scheduled to be excluded from the MSCI Korea Index. The actual index application of the August regular review will be applied at the close of trading on the 31st of this month. Geumyang, whose stock price surged due to secondary battery-related stocks, was excluded due to extreme price increase conditions.
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