Hanwha Ocean order failure 20% plunge, shipbuilders and leveraged products weaken together
Hanwha Ocean was eliminated from the Canadian submarine contract and fell 20%. The news also weighed on shipbuilders including HD Hyundai Heavy Industries and leveraged products such as “Samjeon·Nix Leverage,” while Samsung SDS posted a 6% gain on expectations for AI.
2026year 7month 7day trading session, Hanwha Ocean plunged 20% on news that it had failed to win the Canadian submarine contract, increasing the market shock. Hanwha Ocean did not secure the Canadian contract.
On the same day, the “Samjeon·Nix Leverage” product plunged 13%. Among these leveraged products, 14of them 13fell below their listing prices.
Large-cap shipbuilders also weakened. HD Hyundai Heavy Industries fell by 5%, and related stocks also weakened together.
The Canadian side announced that both TKMS and Hanwha had met the stringent requirements. The Canadian prime minister said that both sides had met the conditions.
Hanwha Ocean’s share price plunged after it failed to win the order, while securities firms recommended a buying strategy during the correction period. Brokerage firms revised their reports and target prices related to Hanwha Ocean.
Meanwhile, Samsung SDS rose by 6%, driven by expectations for its AI business, and securities firms raised their target prices.
Overall, order-related news dealt a direct blow to shipbuilding stocks and related derivatives that day, while some IT and AI-related stocks showed strength.