Trump-Yoon Call Boosts South Korean Shipbuilding Stocks

South Korean shipbuilding stocks surged on November 7, 2024, following a positive call between Donald Trump and President Yoon Suk Yeol, boosting investor confidence. Hanwha Ocean, HD Hyundai Heavy Industries, and Samsung Heavy Industries saw significant gains, reflecting optimism in the shipbuilding sector amidst evolving U.S.-South Korea relations. This uptick highlights the importance of international alliances and their impact on market dynamics.