Defense stocks plunged in early trading on the 10th. U.S. President Donald Trump said on the 9th (local time) that the war would "end fairly quickly," boosting expectations for an early end to the war with Iran.

An image shows a surface-to-air missile launching from the KF-21. /Courtesy of LIG Nex1

As of 9:19 a.m. that day on the Korea Exchange, LIG Nex1 was trading at 750,000 won, down 46,000 won (5.78%) from the previous session.

At the same time, Hanwha Aerospace (1.12%), Hyundai Rotem (1.16%), Hanwha Systems (5.16%), and Poongsan (3.07%) were also falling.

It is seen that investor sentiment toward defense stocks has weakened after President Trump suggested the war with Iran could end in a short period.

Earlier, at a Republican event at the Doral resort in Miami, Florida, President Trump said the current war would be a "short expedition." Regarding the U.S. military operation, Trump said the war would "end fairly quickly," adding, "I don't know when they will surrender, but they should have surrendered two days ago."

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