[Featured Stock] Defense Stocks Rise on European Defense Budget Increase Talks... Hanwha Aero Up 14%

As news of European leaders discussing increased defense spending draws attention to defense stocks, Hanwha Aerospace is showing a strong gain of over 14% in the early trading session of the domestic stock market on the 4th.

As of 9:38 a.m. on the day, Hanwha Aerospace's stock price is trading at 680,000 KRW, up 14.48% compared to the previous trading day. Other defense and shipbuilding-related stocks such as Hanwha Ocean (8.88%) and HD Hyundai Heavy Industries (2.53%) are also on the rise.

This is analyzed as an aftermath of discussions among European leaders emphasizing the need for rearmament and increased defense spending under the assumption that there will be no future support from the United States. Defense stocks, including Germany's Rheinmetall, surged in the European stock markets as well.

Earlier, right after the summit between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky ended in a dispute, security concerns within Europe sharply increased. President Trump had openly pressured NATO member countries to take a more active role in security sharing and increase defense spending.