Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned

South Korean company Elice suffered a sharp decline in its market debut, with shares plunging 28% as data-centre stocks were shunned.

Sharp first-day decline

Elice shares fell 28% during their debut, marking a difficult start for the company in the market. The decline came amid weak investor interest in data-centre stocks.

Sector sentiment in focus

The performance places attention on the reception for data-centre-related stocks in the market. The available information does not provide further details on Elice's listing, its financial performance or the reasons behind the sector's weak reception.

The share-price movement was reported as of October 20, 2026, at 1:30 a.m. IST.