Hanwha Ocean (042660) plunged during trading on the 7th, closing below the 90,000 won level on a closing-price basis for the first time this year.

On the KRX today, Hanwha Ocean finished trading at 89,800 won, down 26,300 won (22.65%) from the previous trading day. Selling pressure continued throughout the session, leading the stock to close below the 90,000 won level for the first time this year.

The direct cause of the plunge was the selection of the preferred bidder for Canada's Next-Generation Submarine Project (CPSP). Germany's ThyssenKrupp Marine Systems (TKMS) won the spot, dashing Hanwha Ocean's expectations.

While the failure to secure the short-term order is weighing on the stock price, some in the market project that future additional orders in the overseas defense market will serve as a new medium- to long-term catalyst.

Meanwhile, investment sentiment deteriorated sharply across the domestic stock market today, leading to the consecutive activation of a selling sidecar and a Level 1 circuit breaker on the KOSPI, significantly expanding volatility. This broad market weakness is also analyzed as a factor that amplified Hanwha Ocean's decline.

[※ This article is provided as reference material for investment decisions, and the final responsibility for investments lies with the investor.]