[Featured Stock] HD Hyundai Infrastructure Shares Rise on Expectations for Ukraine Reconstruction Project
HD Hyundai Infracore's stock price surged significantly on the 26th amid expectations for reconstruction projects following the end of the Russia-Ukraine war.
![[Featured Stock] HD Hyundai Infrastructure Shares Rise on Expectations for Ukraine Reconstruction Project](http://www.asiae.co.kr/news/img_view.htm?img=2024110411035784994_1730685837.jpg)
As of 1:30 PM that day, HD Hyundai Infracore was trading at 7,560 KRW, up 5.73% from the previous day's closing price.
HD Hyundai Infracore's stock price peaked at 14,960 KRW on July 1 last year and has shown a long-term downward trend for over a year.
However, since former U.S. President Donald Trump was elected as the next U.S. president, raising the possibility of an end to the war, the stock has shown signs of rebound.
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It is interpreted that the expectation of a sharp increase in demand for construction machinery, including bulldozers, which are HD Hyundai Infracore's main products, during Ukraine's reconstruction process after the war is being reflected in the stock price.
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