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The Hong Kong stock market displayed a mixed response today, with Hands Form Holdings rising 33.96%, and China Rongzhong Fin Holdings falling 30%. Key gainers included Haichang Ocean Park Holdings.
The damage includes the destruction of farmland, infrastructure, and crops, which has had a devastating effect on local farming communities and the broader agricultural supply chain.
Revenue dropped by 6% to 18.7 trillion won, slightly surpassing the forecasted 18.4 trillion won. Net losses amounted to 120 billion won, better than analysts' predictions of 196.3 billion won in net losses.
EcoPro revealed a substantial financial setback, reporting a net loss for the second quarter. The company attributed the downturn primarily to a notable slowdown in EV sales, which has adversely impacted demand for its battery materials.
The Nikkei index in Japan fell to a one-month low, impacted by mixed U.S. tech earnings and a surge in the yen.