The Iranian-flagged tug Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. /Courtesy of Yonhap News Agency

Construction stocks are showing weakness in early trading as end-of-war talks between the United States and Iran stall.

As of 9:35 a.m. on the 13th, Samsung C&T is trading at 398,500 won, down 36,500 won (8.39%) from the previous close.

At the same time, Daewoo Engineering & Construction is down 1,300 won (4.31%) at 28,850 won, and DL E&C is down 3,400 won (3.96%) at 82,500 won. Hyundai Engineering & Construction, GS Engineering & Construction, and IPARK Hyundai Development Company are also declining.

It is interpreted that investment sentiment toward Middle East reconstruction-related stocks has deteriorated as end-of-war talks between the United States and Iran have reached an impasse.

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