[Featured Stock] Hanwha Solutions Rises for 2 Consecutive Days on Expected Benefits from Power Shortage at Chinese Factories

[Asia Economy Reporter Minji Lee] Hanwha Solutions, a domestic chemical company, has shown a strong performance for two consecutive trading days.

At 9:35 AM on the 6th, Hanwha Solutions was trading at 45,400 KRW, up 3.30% compared to the previous trading day. Having closed up 2.3% the day before, Hanwha Solutions continues its upward trend today.

The stock's strength is due to expectations that domestic chemical companies will benefit as Chinese chemical companies' plant operating rates decline amid power shortages. Lee Dong-jun, a researcher at Kiwoom Securities, stated, "In China, power shortages have caused a slowdown in PVC production, leading to a decrease in the production of caustic soda, a byproduct. The company is expected to benefit not only in the caustic soda segment but also in the PVC business segment due to the power shortage in China."