The rumor triggered by the calamity theory in September in the furnish furnish has been growing to the capaciousness of affecting idiosyncratic items. Malicious rumors about each jotting caused a forceful fall. On September 1, the shares of LG Electronics knock 10% due to a rumor that LG’s gain speed dropped to a single digit. The selection prices were below KRW 100,000 for the chief time in six months.
LG said, "In the finish month, the be advantageous reprove of mobile phones was a double digit and it still maintains the level. We don't conscious who made such a rumor." However, even the allegation was not enough to decline the investors' sentiment. Still, the shares of LG Electronics are below KRW 90,000s as of September 4.
The stocks of Daewoo International are almost commensurate to the invariable of a bankrupt associates due to a rumor. Despite the company’s denial, there has been a rumor that its observation for gas in Myanmar had a problem. Its stocks reached the bottom for two consecutive days. From August 28 to September 2, its stocks demolish 35%.
A suppositional rumor evaporated a massive KRW 1.2 trillion in market-place capitalization. SK witnessed a frustrating case.
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