Korea Electric Power Corporation shares fall 7.57% premarket as South Korea's manufacturing sector contracts at a sharper pace in July.

Korea Electric Power Corporation fell 7.57% in premarket trading. The decline in stock price may be attributed to the contraction of South Korea's manufacturing sector at a sharper pace in July, as reported by Reuters. The Purchasing Managers Index (PMI) for manufacturers in South Korea fell to 48.0 in July, indicating a stronger deterioration in operating conditions. Both production volumes and new orders fell at a steeper rate, which could negatively impact the demand for electricity and the overall performance of the power corporation.