[Special Stock] HD Hyundai Construction Equipment Surges on Expectations of Ukraine Ceasefire

HD Hyundai Construction Equipment's stock price surged following news that Trump and Putin discussed ending the war in Ukraine.

As of 9:30 AM on the 13th, HD Hyundai Construction Equipment's stock price recorded 87,600 KRW, up 15.87% compared to the previous day's closing price.

News that U.S. President Donald Trump and Russian President Vladimir Putin held a phone call on the 12th (local time) and agreed to immediately start negotiations to end the war in Ukraine acted as a positive catalyst. This is due to expectations that a reconstruction market in Ukraine will open after the war ends. According to Hana Securities, the scale of Ukraine's reconstruction projects, including buildings, roads, and power grids, is estimated to reach 900 billion USD.

Lee Dong-heon, an analyst at Shinhan Investment Corp., said about HD Hyundai Construction Equipment, "It holds various momentum such as reconstruction in Europe and the Middle East, and infrastructure investment in the U.S.," adding, "Its sales are only about 3.7% compared to Caterpillar, so it has unlimited growth potential."

At the same time on the same day, HD Hyundai Infracore's stock price also showed double-digit gains.