[Featured Stock] Preferred Shares Plunge for Second Day... Samsung Heavy Industries Preferred Shares Down Over 20% for Two Consecutive Days ↓

[Asia Economy Reporter Song Hwajeong] Preferred stocks have been showing a sharp decline for two consecutive days. Samsung Heavy Industries Preferred (Samsung Junggongwoo) recorded a drop of over 20% for two days in a row.

As of 9:23 AM on the 22nd, Samsung Junggongwoo fell 20.61% (122,000 KRW) from the previous day to 470,000 KRW. On the 19th, Samsung Junggongwoo also dropped 20.45%, continuing the sharp decline of over 20% for two consecutive days. Along with this, Hanwha Preferred (Hanwha Woo), Hanwha Solutions Preferred (Hanwha Solution Woo), and Ilyang Pharmaceutical Preferred (Ilyang Yakpum Woo) fell to the lower limit price early in the session, and Doosan 2 Preferred B (Doosan2 Woo B) also recorded a 23.76% decline.

Samsung Junggongwoo was first designated as a high-risk investment stock on the 12th, but its stock price continued to surge, leading to a trading suspension on the 18th. Since trading resumed, it has been showing a continuous sharp decline.

Earlier, on the 17th, the Korea Exchange issued an 'Investment Caution Notice' to alert investors and prevent speculative trading after some preferred stocks showed abnormal surges regardless of corporate performance.