Business · Markets · 3 hrs ago

Cybersecurity stocks rise after hacking reports in finance and securities

Cybersecurity stocks rise after hacking reports in finance and securities

Hacking reports have emerged from both the financial and securities sectors in South Korea.

The reports came in succession, but the information available does not describe the incidents.

On Nov.

3, cybersecurity stocks rose sharply in early trading.

Fasoo AI shares on the KOSDAQ rose 29.95% to 5,770 won by 9:18 a.m.

Fasoo AI reached the market's daily price limit, the highest permitted rise for the day.

Shares of Genians, Hanssak and AhnLab also gained.

Investors responded to the hacking news by buying security stocks, but no further details about the incidents or next steps are given.

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