[Featured Stock] Haitai Confectionery & Foods VI Triggered, Surges 25%

[Asia Economy Reporter Lee Seon-ae] Haitai Confectionery & Foods' stock price is soaring.

As of 9:55 AM on the 3rd, Haitai Confectionery & Foods' stock price is trading at 8,770 KRW, up 25.29% compared to the previous trading day. Snack-related stocks including Crown Confectionery, Crown Confectionery Preferred Shares, and Crown Haitai Holdings are all generally experiencing a sharp rise.

This is interpreted as an effect of China's ban on food imports from Taiwanese companies. It is believed that expectations of the domestic food industry gaining a windfall benefit are at play.

According to foreign media, among 3,200 Taiwanese companies registered under the food sector with Chinese customs, 2,066 have been classified on the import suspension list. Among 107 items categorized as snacks, pastries, and bread, 35 items have been subject to import suspension.