On this day, the shipbuilding sector is showing strength. The news that the U.S. Secretary of the Navy will visit a leading domestic shipyard on the 30th appears to have heightened expectations for Korea-U.S. shipbuilding cooperation.
The stock of HYUNDAI HYMS, which manufactures ship blocks, is being traded at 19,500 won in the Korea Securities Dealers Automated Quotations (KOSDAQ) market as of 9:20 a.m. today. The share price has risen by 5.98% (1,100 won) compared to the previous day.
Stocks of HD Hyundai Heavy Industries, HD Hyundai Mipo, HD Hyundai Marine Solution, and HD Korea Shipbuilding & Offshore Engineering, which are engaged in shipbuilding and maritime businesses, are all rising.
Previously, news that John Faller, the U.S. Secretary of the Navy, will visit Korean shipbuilders on the 30th has been interpreted as driving buying momentum. If the visit is realized, it would mark the first visit by a Cabinet-level official under the second Trump administration, increasing anticipation for large-scale contract awards related to U.S. naval vessels.
Additionally, the announcement of solid first-quarter performance by HD Hyundai Heavy Industries and HD Korea Shipbuilding & Offshore Engineering on the 25th, along with the mention of the shipbuilding industry as a key area of cooperation during the Korea-U.S. 2+2 trade talks last night, is also stimulating investor sentiment.