On the morning of the 8th, domestic defense stocks are rising across the board. This comes after U.S. President Donald Trump said he would increase the defense budget to $1.5 trillion.
As of 9:34 a.m. on the 8th, Hanwha Aerospace is trading at 1,085,000 won on the Korea Exchange, up 75,000 won (7.43%) from the previous session.
Other stocks grouped as leading defense shares, including LIG Nex1 (7.25%), Hanwha Systems (1.54%), and Hyundai Rotem (3.95%), are also strong.
Earlier, U.S. President Donald Trump said on the 7th (local time) that next year's defense budget would be $1.5 trillion, an increase of more than 50%. Trump wrote on Truth Social, "Thanks to tariff revenue, $1.5 trillion can be achieved without difficulty, and we can have an unprecedented military."
As the plan to increase the defense budget emerged, U.S. defense stocks such as Lockheed Martin and General Dynamics fell more than 4% at one point during the session due to a policy restricting dividends and share buybacks, but rebounded in after-hours trading.