Recently, the stock price of Jeonjin Construction Robot, which had been declining due to the fallout from the failed summit between the United States and Ukraine, is rebounding by double digits on the morning of the 5th.
As of 10 a.m. on the same day, Jeonjin Construction Robot is trading at 58,300 KRW per share, up 12.77% from the previous close. Shortly after the market opened, it even approached 60,000 KRW per share.
This is interpreted as a reaction to foreign reports that the 'mineral agreement' between the two countries, which had failed due to the earlier US-Ukraine summit breakdown, is imminent. According to the reports, US President Donald Trump expressed to his aides his hope to announce the agreement during a joint session of Congress starting at 11:10 a.m. Korean time on the same day.
Additionally, it is analyzed that a low-price buying trend due to the recent decline in reconstruction stocks has contributed. Jeonjin Construction Robot, which had closed lower for three consecutive trading days until the previous day, has been classified as a representative reconstruction theme stock after the end of the Ukraine conflict.
At the same time, other Ukraine reconstruction stocks in the domestic stock market are also showing an upward trend, with HD Hyundai Construction Equipment soaring more than 5% and S-W Steel Tech rising over 6% on the same day.
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