Shares related to nuclear power are showing widespread weakness at the beginning of the market on the 26th.
As of 9:09 a.m. on the 26th, KEPCO E&C is trading at 94,100 won, down 7,100 won (7.02%) from the previous trading day. Shares related to nuclear power, such as Doosan Enerbility (-4.17%), Korea Electric Power Corporation (-3.52%), and Hyundai E&C (-3.42%), are also declining.
Korean and U.S. corporations established a memorandum of understanding (MOU) for joint fund creation and technological cooperation in strategic industries, including nuclear power, following a summit on the 25th (local time).
In particular, in the field of nuclear power, KHNP and Doosan Enerbility signed a four-party MOU with X Energy and Amazon Web Services (AWS) regarding the design, construction, and operation of small modular reactors (SMR). They also promised various cooperation for the construction of the 'AI campus project' underway in Texas and joint investments to establish uranium enrichment facilities.
Despite this news, domestic corporations' stock prices are showing weakness. It seems that expectations of potential cooperation related to nuclear power from this summit have already been factored into the stock price, which had risen significantly. Existing investors appear to be realizing profits, leading to a downturn in stock prices.