[Featured Stocks] Feed Stocks Like Woosung Feed and Farmstory Rise Amid US-China Trade Dispute Concerns

[Asia Economy Reporter Minwoo Lee] Feed stocks are showing strong performance amid concerns over the trade dispute between the United States and China.

As of 11 a.m. on the 28th, Woosung Feed was up 14.26% from the previous day, trading at 3,765 KRW. Hyundai Feed rose 25.86% to 16,550 KRW. Palmstory also recorded an increase of about 7.17%, reaching 1,200 KRW. This reflects expectations that domestic feed companies could benefit if the US-China conflict intensifies and China's imports of US soybeans are impacted.

At 4 p.m. local time (3 p.m. US time) today, China is expected to push forward with a vote on the Hong Kong National Security Law (Hong Kong Security Law) at the National People's Congress (NPC). Despite US President Donald Trump’s warning of a strong response to China, China’s decision to proceed with the vote suggests a continued standoff between the two powers.

China’s annual soybean consumption exceeds 100 million tons, accounting for 30% of global soybean consumption. It relies heavily on imports for most of its consumption, with the United States being its largest supplier. This is why there are expectations that China may increase imports from domestic companies if tensions escalate.