[Market Focus] Hansae Soars Over 6% on U.S.-Vietnam Trade Breakthrough

On July 3, Hansae Co., Ltd. shares are showing strength. This appears to be due to news that the United States and Vietnam have signed a trade agreement.

As of 3:03 p.m. on this day, Hansae Co., Ltd. is trading at 11,530 won, up 660 won (6.07%) from the previous trading day.

Hansae Co., Ltd. operates multiple production bases in Vietnam. More than 85% of Hansae Co., Ltd.'s total export volume last year was to the United States, and about 60% of its production is based in Vietnam.

As a result, there were concerns that the company could be directly hit by U.S. tariffs. In April, the stock price plunged by more than 11%.

However, the market appears to believe that the tariff risk has been somewhat alleviated by the trade agreement signed between the United States and Vietnam on this day.

On this day, U.S. President Donald Trump announced via the social networking service Truth Social that, following the trade negotiations with Vietnam, tariffs would be reduced to 20%. The reciprocal tariffs imposed on Vietnam had previously been 46%.

Nike, which is highly dependent on Vietnamese-manufactured footwear, rose 4.06% after the announcement of the agreement on this day.