Hanwha Engine has surged more than 10% in after-hours trading. In the KOSDAQ market, Bitsro Tech has hit its upper limit, while Naraspace Technology, Giosoft, and YJ Link have also seen significant gains.
As of 5:46 PM, Hanwha Engine was trading at 53,200 won, up 5,150 won (10.72%) from the previous trading day, with a trading volume of 108.9 billion won and an intraday high of 54,200 won.
The stock's rise is fueled by expectations for the expansion of its artificial intelligence data center (AIDC) power engine business. SK Securities anticipates that Hanwha Engine will successfully secure a licensing production contract for the 10-megawatt (MW) four-stroke medium-speed gas engine 'MAN 35/44G' from Everllence (formerly MAN Energy Solutions). It is expected to supply power engines to North American data centers managed by Hanwha Energy starting in 2028.
During regular trading hours, the market reacted to the hawkish results of the September Federal Open Market Committee (FOMC), leading to limited index movements. As of 2:50 PM, the KOSPI was down 0.01% at 6,717.08, while the KOSDAQ rose 0.68% to 821.55.
Lee Kyung-min, a researcher at Daishin Securities, noted, "The domestic stock market has largely priced in the possibility of interest rate hikes, resulting in limited market shock despite the hawkish September FOMC results." He added, "With limited fluctuations across sectors, some cyclical trading has emerged in certain order and export sectors."
In the KOSDAQ market, Bitsro Tech recorded an upper limit increase of 2,640 won (30.00%) to 11,440 won. Naraspace Technology surged 29.92% to 13,850 won, while Giosoft rose 23.39% to 12,240 won.
YJ Link increased by 22.33% to 3,780 won, and Mitwon rose 19.40% to 4,585 won. Kenkoa Aerospace (13.75%) and Next Chip (11.97%) also showed double-digit gains, along with strong performances from NokSibMS (7.34%), Daemo (5.92%), and H-City (5.12%).
* This article has been translated by AI.
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