[Featured Stocks] 'Hinnamno' Moving North... Recovery Stocks 'Stir'

Typhoon Hinnamnor No. 11 Approaches
Related Stocks Surge Amid Disaster Recovery Optimism

The sky viewed from Bukak Pavilion in Jongno-gu, Seoul, on the morning of the 2nd, as the expected path of Typhoon No. 11 'Hinnamnor' is heading toward South Korea, is blue. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Junho Hwang] As Typhoon No. 11 'Hinnamnor' begins moving northward in the southeastern sea of Taiwan, funds are flowing into disaster recovery sectors in the stock market.

As of 12:56 PM today, Korea SE has entered the upper limit price for the second consecutive day. It is trading at 4,615 KRW, up 20% from the previous session. Korea SE is a company that manufactures permanent anchors and tie cables used for natural disaster recovery.

At the same time, Uwondevelopment (7.87%) and Nature and Environment (4.59%) are also showing upward trends. Uwondevelopment is a company engaged in road construction and civil engineering industries, while Nature and Environment is involved in natural river creation projects and eco-friendly breakwater construction projects, thus classified as typhoon-related stocks.

As Hinnamnor transforms into a super typhoon, the stock price growth curve of typhoon reconstruction sectors has steepened.

Typhoon Hinnamnor began moving slowly northward at about 4 km/h at 3 AM on the 2nd, passing 580 km southeast of Taipei, Taiwan. Currently classified as a 'very strong typhoon,' it is expected to transform again into a 'super typhoon' as it passes through the East China Sea, where sea surface temperatures are high. The typhoon's intensity is classified into four stages: 'medium - strong - very strong - super.'

Hinnamnor is expected to pass 60 km southeast of Seogwipo City, Jeju, at 3 AM on the 6th while maintaining a 'very strong' intensity, and approach 320 km northeast of Dokdo at 3 AM on the 7th. According to the predicted path, virtually the entire country will be within the typhoon's influence.