[Featured Stock] HD Hyundai Heavy Industries Hits Consecutive Record Highs... Market Cap Ranks 10th

HD Hyundai Heavy Industries continued its upward trend for six consecutive trading days, rising to 10th place in market capitalization during the session.

As of 9:09 a.m. on the 26th, HD Hyundai Heavy Industries was trading at 282,000 won, up 10,000 won (3.68%) from the previous close. It reached an intraday high of 283,500 won, setting a new 52-week high. HD Hyundai Heavy Industries has been hitting new highs day after day with six consecutive days of gains. Its market capitalization also surpassed 25 trillion won, overtaking Shinhan Financial Group to enter the top 10.

Amid expectations of benefits from the U.S. Shipbuilding Act, shipbuilding stocks have been strong, with HD Hyundai Heavy Industries showing the most remarkable upward momentum. Earlier, on the 19th (local time), four members of the U.S. Congress from both the Republican and Democratic parties introduced the U.S. Shipbuilding Act. If the Shipbuilding Act is enacted, it is expected that domestic shipbuilders will increase their shipbuilding orders. Kang Kyung-tae, a researcher at Hana Securities, said, "The U.S. plans to break away from the current trade structure that relies entirely on foreign-flagged ships through the Shipbuilding Act and invest in the declining shipbuilding infrastructure, workforce, and new technologies to enhance industrial prosperity and security." He added, "The benefits to the Korean shipbuilding industry from the Shipbuilding Act are twofold: first, winning orders for new ships participating in the strategic merchant fleet or for maintenance, repair, and overhaul (MRO) work; second, obtaining investment incentives."