Hanwha Ocean and shipbuilding stocks plunge after Canada submarine order falls through; Samsung Electronics shows mixed trend

As the Canada submarine order fell through, shipbuilding-related stocks plunged from before the market opened by 7days. The cancellation or loss of the order, a contract that had drawn intense investor attention, was immediately reflected in share prices.

Hanwha Ocean recorded a plunge in the 18percent range in pre-market trading. The decline was reportedly driven by the loss of the company's expectations related to the order.

Major shipbuilding stocks, including HD Hyundai Heavy Industries, were down in the 5percent range. Selling pressure across the shipbuilding industry was confirmed.

Samsung Electronics 2reported quarterly operating profit of 89trillion won. The performance figure itself is the publicly disclosed figure.

In pre-market trading, Samsung Electronics 2declined in the percent range, while some trades recorded a sharp drop in the 5percent range. Market reaction was mixed.

Samsung SDS rose on expectations for its AI business, gaining 6percent. News that securities firms had raised their price targets was also reported.

Before the market opened that day, shipbuilding order issues and favorable news related to semiconductors and AI took effect simultaneously. The range of gains and losses was wide by sector.

If additional disclosures or contract-related announcements are made, they may be reflected immediately in share prices. Investors should check the relevant disclosures.