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LIG Nex1 shares jump 17% amid US-Iran war; South Korean defence stock surges 78% in five days
The defence stock had already rallied 26% in the previous session and jumped nearly 30% on March 3. In five trading sessions, ...
A South Korean missile defence specialist has emerged as a beneficiary of the US-Israel war on Iran, with demand for LIG Nex1’s cheaper system pushing its shares higher and shining a spotlight on the ...
South Korean defense stocks surge as Iran war escalates. Hanwha, LIG Nex1 jump while Kospi drops nearly 5%. Middle East ...
The Chosun Ilbo on MSN
Cheongung-II success propels South Korean defense industry
South Korea’s domestically produced air defense weapon, the “Cheongung-II,” has proven its performance in the Iran war, ...
Defense stocks in South Korea and Singapore rallied Tuesday on expectations of stronger security demand in the Middle East, as the conflict involving the U.S., Israel and Iran entered a third day.
As the Iran war spreads to the airspace of neighboring nations, air defense systems are put to the test, potentially inducing a stockpile shortage that Korean firms could fill.
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