[Market Focus] Hanwha Ocean Falls Over 6% After Being Designated as 'Stock Under Caution'

Hanwha Ocean, which has been leading the rally among shipbuilding stocks, is showing a decline of over 6% in the Korean stock market on the morning of October 28.

As of 10:34 a.m. on this day, Hanwha Ocean's share price was trading at 131,100 won, down 6.16% from the previous session.

This decline is attributed to the Korea Exchange designating Hanwha Ocean as a "stock under caution," citing the possibility that it may be classified as an "investment warning" stock. If this happens, the stock cannot be purchased on margin.

Hanwha Ocean's share price had recently surged sharply, fueled by the rally in shipbuilding stocks, including Korea-U.S. shipbuilding cooperation. The Korea Exchange classifies stocks that experience rapid price increases within a certain period and require investor attention into three alert levels: stocks under caution, investment warning stocks, and investment risk stocks.