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Naver, Kakao lose W12 tril. in market cap

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Korea’s two representative big tech companies Naver and Kakao have lost more than 12 trillion won in their market cap over the past four trading sessions, as their stock prices logged a downward pattern of continual slide. The fall is ascribed to various factors, including negative stock market shocks from the U.S., rising foreign exchange rates and unsatisfactory fourth-quarter earnings estimates.
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