As the shipbuilding industry was mentioned as a card for tariff negotiations, HD Hyundai Marine Engine's stock price hit an annual high in early trading on this day. Including this day, the stock price has jumped over 23% over the past three trading days.
As of 9:44 a.m. on the 14th, HD Hyundai Marine Engine is trading at 33,050 won, up 1,850 won (5.93%) from the previous day's closing price in the KOSPI market. In early trading, it even hit 33,950 won, setting a new annual high.
Other shipbuilding stocks such as HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries are also showing strength.
It is interpreted that the buying sentiment has improved as expectations grew that U.S. President Trump would rebuild the U.S. shipbuilding industry and that foreign vessels would be able to be purchased.
Earlier, President Trump said at a White House official meeting on the 10th (local time), "The U.S. will rebuild the shipbuilding industry, and this will become a very large business in the near future." He added that through transactions with countries that excel in shipbuilding, the U.S. would be able to order state-of-the-art vessels, hinting at the possibility of purchasing ships from allied nations.