[Featured Stock] Drone Stocks Surge Amid US House Sanctions on Chinese Drone Companies

Drone-Related Stocks Hit Upper Limit, Major Stocks Also Rise Double Digits
U.S. House Passes Bill Banning Use of Chinese DJI New Products
DJI's U.S. Market Share Exceeds 50%, Senate Approval in Focus

Drone stocks are fluctuating. This appears to be influenced by the 'drone conflict' between the United States and China coming to the surface.

As of 9:38 AM on the 10th, Vessel is trading at 325 won, up 75 won (30%) from the previous trading day, and NeonTech is trading at 2,210 won, up 509 won (29.92%). In addition to these two stocks classified as drone-related stocks hitting the upper price limit, JC Hyun System (25.17%), Kocom (18.33%), Smart Radar System (13.64%), Gisan Telecom (13.58%), and PC Direct (12.19%) are also surging with double-digit gains.

On the 9th (local time), the U.S. House of Representatives passed a bill banning the use of new products from DJI, the world's largest drone manufacturer based in China, within the United States. According to major foreign media, the bill includes a ban on DJI's new products. Existing products are not subject to sanctions. This sanction came as U.S. political circles repeatedly pointed out that Chinese drones pose a national security threat. DJI is known to hold more than 50% of the U.S. market share.

Frank Pallone, a Democratic representative from New Jersey and member of the House Energy and Commerce Committee, stated, "Through this measure, Congress will make it clear that drones DJI releases in the future will not be imported, marketed, or sold in the United States." However, for the bill to become law, it must pass the Senate following the House. DJI rebutted, saying, "This only restricts the ability of drone users in the U.S. to purchase and use equipment suitable for their work by focusing solely on the country of origin."