A traveler walks past a coronavirus testing center at Incheon International Airport, west of Seoul, on June 29, 2022. (Yonhap)
SEOUL, July 14 (Korea Bizwire) — South Korea’s travel and airline stocks have dropped to new 52-week lows on Tuesday amid a new wave of COVID-19 infections.
Shares in Korean Air Lines drop 2.07 percent to 23,650 won on the main Seoul bourse, while those of Asiana Airlines slipped by 4.41 percent to 14,100 won.
During the intraday trading session, the share prices of Korean Air and Asiana Airlines touched 23,300 won and 13,900 won, respectively, renewing 52-week lows only a day after new lows were set.
The share prices of Yellow Balloon Tour (-8.18 percent), Mode Tour (-5.86 percent), Jeju Air (-4.97 percent), Hana Tour (-4.56 percent), Very Good Tour (-3.79 percent), T’way Air (-3.58 percent), Lotte Tour Development (-3.11 percent) and Paradise (-2.76 percent) all set new 52-week lows.
The share prices of Air Busan (-5.86 percent), Jin Air (-5.04 percent) and Redcap Tour (-3.31 percent) also fell significantly.
In contrast, a handful of COVID-19 diagnostic test kit makers, including Access Bio (+11.65 percent), Humasis (+8.38 percent) and Sugentech (+7.43 percent), saw their stock prices rise sharply.
J. S. Shin (js_shin@koreabizwire.com)
