Hana Financial Group Inc (086790) Declines -1.62% on Oct 14

October 13, 2017 - By marketbeat

Shares of Hana Financial Group Inc (KRX:086790) last traded at 48700, representing a move of -1.62%, or -800 per share, on volume of 516,587 shares. After opening the trading day at 49000, shares of Hana Financial Group Inc traded in a close range. Hana Financial Group Inc currently has a total float of 296.00 million shares and on average sees 924,762 shares exchange hands each day. The stock now has a 52-week low of 30000 and high of 52100.

KOSPI: A Powerful Indicator Of The Asian Economy

South Korea has one of the most progressive, fast-paced economies in Asia. It is an influential global leader that helps drive growth in the Asian economy. Leading abilities of South Korean market help Hana Financial Group Inc to attract more attention to its work. Without it, the region’s capacities are surely minimized.

One of the most important factors backing South Korea’s successful economy is the Korea Exchange (KRX), which boasts with over $1 trillion in total market capitalization. Despite being one of the youngest stock exchanges in Asia, it has already transformed the conduct of trade and commerce in South Korea. It brings foreign investors to Hana Financial Group Inc and other companies.

Stock Market Division of the KRX

Under the Korea Stock Exchange and Futures Exchange Act, the KRX is divided into three: 1) the Stock Market Division; 2) the KOSDAQ Market Division; and 3) the Derivatives Market Division. All publicly traded companies are listed on the Stock Market Division of the KRX.

The Korea Composite Stock Price Index (KOSPI), which was first published in 1983, is one of the main real-time economy indicators in South Korea as it tracks the performances of all the companies listed on the Stock Market Division of the KRX. That being said, the KOSPI had to be divided into several sub-indices. These include the KOSPI 50, which monitors the 50 most active stocks on the Stock Market Division of the KRX; the KOSPI 100, which monitors the 100 most active stocks; and the KOSPI 200, which monitors the 200 most active stocks out of more than 700 stocks. A stock can be included in the KOSPI 50 and the KOSPI 100 only if it is included in the KOSPI 200. At the same time, a stock can only be included in the KOSPI 50 if it is included in the KOSPI 100. Hana Financial Group Inc is inside the KOSPI trading operations.

The KOSPI tracks stocks on the Stock Market Division of the KRX based on market capitalization using the base value of 100. The base date is January 4, 1980. Similarly, the KOSPI 200, which represents roughly 70% of the total market valuation on the Stock Market Division of the KRX, monitors its components using the base value of 100. The base date is April 2007.

Historical Statistics

In January 1981, the KOSPI had reached its all-time low of 93.10 points. In May 2011, it had reached its all-time high of 2,228.98 points. On the other hand, in June 1998, the KOSPI 200 had reached its all-time low of 31.96 points; and in April 2007, it had reached its all-time high of 100 points.

When the Asian economy was recovering from the financial crisis that had started in Thailand, the KOSPI had recorded its largest one-day gain of 8.50% in June 1998. Meanwhile, after the 9/11 tragedy that had shaken the global economy, the KOSPI had recorded its largest one-day decline of 12.02% in September 2001.

By 2019, Asia is highly expected to account for 26% of the global financial wealth, demonstrating a 2% representation growth in just five years. The best way to bank on that fast-paced growth is to invest on stocks listed on the Stock Market Division of the KRX. Investors which work with Hana Financial Group Inc hope to find the best quality there.

More notable recent Hana Financial Group Inc (KRX:086790) news were published by: Reuters.com which released: “Sumitomo Mitsui Trust partners Hana Financial in retail asset management” on December 21, 2016, also Reuters.com with their article: “S.Korea’s Hana Bank and Korea Exchange Bank to merge” published on July 13, 2015, Wsj.com published: “Hana Financial Chairman to Step Down” on March 04, 2012. More interesting news about Hana Financial Group Inc (KRX:086790) were released by: Bloomberg.com and their article: “Hana Finishes $3.9 Billion Korea Exchange Bank Takeover” published on February 09, 2012 as well as Bloomberg.com‘s news article titled: “Korean Banks’ Bold Outlook” with publication date: August 06, 2017.

Hana Financial Group Inc. is a Korea financial holding company. The company has market cap of $. The Firm operates in seven business divisions. It has a 9.34 P/E ratio. The Company’s bank division provides deposits, loans and other services.

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