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| 아모레퍼시픽 본사 (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Related stocks such as Internet stocks, entertainment stocks and cosmetics stocks weakened due to growing concerns over China's resumption of the Korean Wave ban.
According to the Korea Exchange on the 24th, Naver closed at 203,000 won, down 9,000 won (4.25%) from the previous day. Kakao also fell 2.07%, showing weak performance.
Speculation is rising that China may have blocked Naver's access after Naver's connection failure occurred in major regions of China amid worsening relations between South Korea and China due to the recent G7 summit.
In addition, local Chinese media reported that singer-actor Jung Yong-hwa's appearance on a local entertainment program had been canceled, weakening entertainment stocks. SM closed at 105,100 won, down 3,000 won (2.78%) from the previous day, while Hive (2.01%) and JYP (1.9%) also fell.
In addition, cosmetics stocks related to sales in China were also weak. Cosmax closed at 84,500 won, down 4,900 won (5.48%), while LG Household & Health Care (3.93%), Clio (3.15%) and AmorePacific (2.28%) also fell.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
