Asia / Pacific
South Korea’s Hanwha Group Shares Rally on Defence and Shipbuilding
• South Korea’s Hanwha group companies’ shares have rallied, with Hanwha Aerospace reaching a record high.
• Hanwha Aerospace’s operating profit rose by 222%, reaching 494,000 won.
• Hanwha Ocean’s share price was raised by 22.4% to 600,000 won.
• Hanwha Corp’s shares rose by 7.8%, Hanwha Systems’ shares by 3%.
• The benchmark KOSPI rose by 0.9%.
• South Korea has become a major arms exporter, with the sector expected to gain momentum under U.S. Donald Trump’s security policy.
