Shinhan Financial Group 6.09% higher, bank stocks gain strength
Major financial holding companies rose as the KOSPI declined in early trading. Shinhan Financial Group was trading at 10 as of 6.09% higher at 10 million6 thousand100 won, while Woori Financial Group and KB Financial Group also rose by 2.96% and 3.11%, respectively. The confirmation of the fine related to ELS linked to the Hong Kong H Index and movements in financial stocks in the U.S. stock market were observed on the same day.
The KOSPI declined in early trading. Nevertheless, major financial holding companies showed strength. Banks and financial holding companies rose unlike other sectors.
Sector rotation centered on financial stocks was observed in the U.S. stock market. On the same day, a fine was finalized for equity-linked securities (ELS) related to the Hong Kong H Index. The two events occurred during the same stock-market hours.
As of 10 in the morning, Shinhan Financial Group was trading on the KOSPI market at 6.09% higher than the previous trading day at 10 million6 thousand100 won. Shinhan Financial Group's intraday gain was representative. The market showed Shinhan Financial Group rising noticeably.
Woori Financial Holdings is trading 2.96up % at 3ten thousand1thousand400won. Woori Financial also showed an upward trend from the opening of the session. Trading volume increased alongside the gains, raising volatility.
KB Financial is trading 3.11up % at 16ten thousand9thousand300won. KB Financial also showed strong movement among financial holding companies. Some investors actively participated in trading.
Hana Financial Holdings rose 1.49%. Some other financial companies also showed gains. Across the market as a whole, the sector trends were differentiated.
Sources: 연합인포맥스
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