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Seoul stock traders celebrate KOSPI record high and rebound driven by defense and shipbuilding gains.
Image générée par IA

Seoul stocks hit record high then rebound on defense, shipbuilding gains

Rapporté par l'IA Image générée par IA

Seoul's stock market set a new record high on January 8 driven by strong defense and shipbuilding stocks, then dipped early on January 9 before rebounding later in the morning. The KOSPI index closed at 4,552.37 on the 8th, its all-time high, and rose 0.3 percent to 4,565.88 by 11:20 a.m. on the 9th. Institutional and individual buying offset foreign selling to support the market.

South Korea's government is launching a special guarantee program to provide up to 400 billion won ($272.4 million) in financing support to enhance the shipbuilding industry's export competitiveness. The initiative targets small and medium-sized suppliers of HD Hyundai Heavy Industries with low-interest loans. K-SURE, HD Hyundai, and Hana Bank signed a cooperation agreement in Ulsan on Friday.

Rapporté par l'IA

The chief of South Korea's state arms procurement agency cited legality as the main reason for changing the bidding process on a multi-trillion-won contract to build advanced homegrown destroyers. The Defense Project Promotion Committee unanimously decided to select the winner for the estimated 7 trillion-won ($5 billion) project to build six destroyers through competitive bidding. The landmark initiative, delayed by a legal feud between rival shipbuilders, aims for delivery to the Navy by the end of 2032.

Le Japon et les États-Unis prévoient de signer un mémorandum visant à améliorer les capacités de construction navale lors de la visite du président américain Donald Trump qui commence lundi. L'accord vise à contrer la domination de la Chine dans ce secteur et à renforcer la sécurité nationale.

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