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After climbing 188%, one of the world's hottest stocks tumbles in S Korea

Celltrion fell 9.9 per cent on Friday after its fourth-quarter revenue and earnings missed estimates

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Bonds, Stock markets, Shares, Trading

Heejin Kim | Bloomberg
Celltrion Inc., the little-known South Korean biotech company that surged into the ranks of the world’s most-traded stocks at the start of 2018, may finally be coming down to Earth.

After climbing 188 per cent over the past year on volume that topped that of Tesla Inc. and Citigroup Inc. at one point this month, Celltrion abruptly reversed course last week. By the close on Friday, its five-day drop had reached 16 per cent, fueled by disappointing fourth-quarter earnings and a research report from Deutsche Bank AG that criticized the company’s accounting. Shares of Celltrion fell as much as 6.1 percent