AmoreG is weak amid Korea-China diplomatic tensions.
As of 1:31 PM on the 12th, AmoreG is trading at 27,950 KRW on the KOSPI market, down 2,300 KRW (7.6%) from the previous trading day.
As the diplomatic protest exchanges between Korea and China escalate, AmoreG, a stock linked to the consumer goods theme in the Chinese market, is showing weakness.
On the 9th, the day after Sing Haiming, the Chinese Ambassador to Korea, who met with Lee Jae-myung, leader of the Democratic Party of Korea, said, "Those who bet on China's defeat will surely regret it later," Jang Ho-jin, the 1st Vice Minister of Foreign Affairs of Korea, summoned Ambassador Sing to protest.
On the 10th, Nong Rong, Deputy Director-General (Vice Minister) of the Chinese Ministry of Foreign Affairs, called Jeong Jae-ho, the Korean Ambassador to China, to the Chinese Ministry of Foreign Affairs to express concerns and dissatisfaction.
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