Asia / Pacific
Hanwha Aerospace Shares Surge, Leading South Korean Defense Stock Rally
Hanwha Aerospace’s shares surged to a record high, leading a rally in South Korean defense stocks.
• The company’s stock rose 11% to close at a record 643,000 won, equivalent to $445.82.
• Hanwha Group, a manufacturer of self-propelled howitzers and aircraft engines, was a standout among local peers.
• Shares of guided-missile supplier LIG Nex1 and fighter-jet maker Korea Aerospace Industries rose 9.1% and 7.4%, respectively.
• LS Securities analyst J.H. Choi predicts a favorable business environment for South Korean defense companies, with global defense spending likely to rise due to the US’s disengagement from international conflicts.
• Hanwha is expected to increase its 2025 shipments of self-propelled howitzers, aircraft engines, and parts for fighter jets and long-range surface-to-air missiles.
