[Featured Stock] Kolon Global Soars on News of Secret Russia-Ukraine Negotiations

[Asia Economy Reporter Hwang Junho] As of the afternoon of the 25th, Kolon Global's stock price is maintaining a significant upward trend following news that the Russian and Ukrainian governments have entered into secret negotiations.

As of 1:58 PM on the 25th, Kolon Global is trading at 29,000 KRW, up 26.64% from the previous day. Kolon Global preferred shares are also trading at 37,950 KRW, up 29.97%.

The rise today appears to reflect expectations following reports that delegations from the Russian and Ukrainian governments held confidential talks on the 17th in the United Arab Emirates (UAE). Kolon Global has been categorized as a Ukrainian reconstruction stock due to its subsidiary's involvement in the modular construction business.