[Special Stock] Chosun Shares Hit by Martial Law Fallout, Stock Price Rebounds on Max Boom Expectations

Domestic shipbuilding stocks, which had plummeted due to the state of emergency, are rebounding. There is a general atmosphere of recovering most of the stock prices that had fallen amid political turmoil, driven by expectations of improved performance following the record-high order boom.

As of 3 PM on the 11th, HD Hyundai Heavy Industries is trading at 211,000 KRW, up 7.65%. It had risen to 219,000 KRW at the end of last month but dropped to 181,300 KRW due to the state of emergency. Showing a three-day consecutive upward trend recently, it has recovered most of the losses. HD Hyundai Heavy Industries also shows a similar trajectory, currently up 6.90% on the day.

Other shipbuilding companies such as Samsung Heavy Industries (+6.44%), Hanwha Ocean (+4.09%), and HJ Heavy Industries (+7.95%) are also showing a unified upward trend. Ship engine and equipment companies like STX Engine (+6.94%), HD Hyundai Marine Engine (+6.67%), and Hanwha Engine (+6.61%) have also demonstrated strong stock price gains.

Shipbuilding stocks have shown an upward trend over the past month as the U.S. Donald Trump administration is expected to strengthen cooperation with domestic shipbuilders. Although there was a correction after the state of emergency, expectations for the boom are recovering as ship orders continue to increase.

According to Clarkson Research, a British shipbuilding and shipping analysis agency, South Korea's share of global ship orders has increased from 1% in August to 16% in September and 26% in October.