[Special Stock] "China's Large-Scale Nuclear Power Plant Construction"... Nuclear Stocks Surge

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Nuclear power-related stocks showed a simultaneous rise on the 4th following news of China's large-scale nuclear power plant construction.

Doosan Heavy Industries & Construction was trading at 25,700 KRW at 9:40 a.m., up 1,100 KRW (4.47%) from the previous day. During the session, it recorded a rise of 5.89%. At the same time, KEPCO Industrial Development (+4.01%), KEPCO Engineering & Construction (+11.32%), and Woojin (+11.05%) also showed strong performance.

Earlier, Bloomberg reported on the 2nd (local time) that "China plans to embark on large-scale nuclear power plant construction to achieve its carbon emission reduction targets." The 150 nuclear reactors China plans to build exceed the number of reactors built by all other countries combined over the past 35 years.