The stock jumped as much as 24.7 percent to 75,200 won ($51.7) intraday before paring gains to 74,200 won by 2:30 p.m., far outperforming the benchmark KOSPI, which was up less than 0.5 percent.
The rally followed remarks by U.S. President Donald Trump, who vowed to raise the U.S. defense budget by more than 50 percent to $1.5 trillion by 2027, after ordering what he described as a “surgical” military raid in Venezuela and issuing increasingly confrontational remarks toward other regions, including Greenland.
Defense stocks had been volatile earlier in the week after Trump criticized U.S. defense contractors for prioritizing dividend payouts and share buybacks. Sentiment, however, rebounded on expectations that a significantly larger defense budget would translate into expanded government contracts.
Major U.S. defense firms, including Lockheed Martin and Northrop Grumman, recovered earlier losses following Trump’s budget comments, helping lift defense shares globally.
Hanwha Systems, an affiliate of Hanwha Group, specializes in radar, command-and-control systems and electronic warfare solutions. The company has also been expanding into space-related businesses, including satellite communications and other advanced defense technologies.
The sharp rise came amid broad gains across South Korean defense stocks, including Hanwha Aerospace, while trading volume in Hanwha Systems spiked markedly, underscoring strong intraday demand.
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