Securities stocks are experiencing a decline alongside the weak domestic stock market.
As of 9:58 a.m. on June 11, Mirae Asset Securities shares were trading at 47,000 won, down 4,200 won (8.20%) from the previous trading day. The stock price fell to around 45,650 won shortly after the market opened, widening its losses.
At the same time, Kiwoom Securities was down 12,000 won (3.50%) at 330,500 won. Korea Financial Group saw a decrease of 8,000 won (3.49%), trading at 221,000 won.
NH Investment & Securities dropped 950 won (3.11%) to 29,550 won, while Samsung Securities fell 1,700 won (1.52%) to 110,500 won.
The overall weakness in securities stocks is attributed to the sluggish performance of the domestic stock market.
The KOSPI index continued its downward trend, showing a decline of 80.75 points (1.08%) to 7,647.03 as of 9:58 a.m. The index opened at 7,509.62, down 221.20 points (2.86%) from the previous close.
The KOSPI had previously dropped over 4%, leading to a decline in investor sentiment. Recent geopolitical tensions in the Middle East have contributed to increased volatility in the domestic stock market.
The U.S. Central Command (CENTCOM) reported additional strikes on various targets in Iran the previous day. In response, Iranian President Ebrahim Raisi reaffirmed his stance to resist any pressure or threats.
Market analysts believe that the growing uncertainty surrounding the situation in the Middle East has weakened the appetite for riskier assets. As overall investor sentiment declines, securities stocks are also reflecting this downward trend.
* This article has been translated by AI.
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