On the 2nd, Hanwha Ocean (042660) closed higher, demonstrating a stronger trend compared to the broader market despite a sharp decline in the domestic stock market.

On the KRX trading floor that day, Hanwha Ocean finished trading at 104,500 won, up 1,200 won (1.16%) from the previous trading day. On the same day, the KOSPI closed at 7,648.09, down 7.89% (-7.89%), with the overall market showing significant weakness. Hanwha Ocean briefly recovered the 110,000-won level in early trading and maintained this upward momentum, standing out even amid the broader market crash.

Behind this trend lies a series of recent positive developments in the defense industry. Hanwha Ocean announced through a regulatory filing on the 2nd that it had been selected as the preferred bidder for the detailed design and lead ship construction of the Korean Destroyer Next Generation (KDDX), a project commissioned by the Defense Acquisition Program Administration.

Additionally, the market continues to closely watch the final outcome of Canada's next-generation submarine project. This is a major project in which Hanwha Ocean is competing against Germany's ThyssenKrupp Marine Systems (TKMS), and depending on the result, it could become another significant factor for volatility going forward.

It remains necessary to keep monitoring the direction of these various issues surrounding Hanwha Ocean.

[※ This article is not intended to solicit investment, and investment decisions and responsibilities lie solely with the investor.]