Construction and airline stocks surge on expectations of an end to the war
KOSPI surges on a U.S.-Iran agreement to end the war, with reconstruction and oil-price-stabilization stocks showing strength Quickly check beneficiary stocks in construction, airlines, and semiconductors to catch the investment trend
The KOSPI rose by more than 5% on the 15th after news broke that the United States and Iran had agreed to end the war. In the market, buying concentrated in sectors expected to be affected by postwar reconstruction demand and stable oil prices.
Construction stocks showed strength as expectations grew for increased reconstruction demand in the Middle East. Major names such as Daewoo E&C, GS E&C, DL E&C, and Samsung E&A rose sharply, and analysts said it would be necessary to take a selective approach based on companyspecific earnings rather than the sector as a whole.
Airline and transportation stocks also rose on expectations of lower international oil prices. As WTI futures prices fell to around $80 per barrel, shares of Korean Air and major lowcost carriers surged significantly. In the semiconductor sector, Samsung Electronics and SK hynix continued their upward trend, supported by net foreign buying and expectations of improved earnings.