South Korea Stocks: Lotte Shopping, SK Innovation, Yungjin
The Kospi Index (KOSPI) fell 39.90, or 1.9 percent, to 2,046.63, the biggest drop since May 23.
Drugmakers: Yungjin Pharmaceutical Co. (003520) climbed 8.5 percent to 1,090 won. Samsung Pharmaceutical Ind. Co. (001360 KS) jumped 15 percent to 3,700 won, the steepest gain since April 5. The companies advanced after the nation’s health ministry said it may allow 44 over-the-counter drugs to be sold at supermarkets.
Refiners: SK Innovation Co. (096770 KS) sank 4.4 percent to 219,000 won. S-Oil Corp. (010950) dropped 4.3 percent to 145,500 won. GS Holdings Corp. (078930) fell 3.1 percent to 85,800 won. Crude oil yesterday tumbled below $95 a barrel for the first time since February.
Lotte Shopping Co. (023530) , a South Korean department-store owner, tumbled 7.2 percent to 487,000 won, the biggest drop since April 8, 2009. The company said in a filing it plans to sell convertible bonds worth 979 billion won ($900 million).
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