South Korean shipbuilding shares jump after report on U.S. bill

HD Hyundai Heavy Industries

12/02/2025 05:50

SEOUL, Feb 12 (Reuters) - Shares in South Korean
shipbuilders HD Hyundai Heavy Industries  329180.KS  and Hanwha
Ocean  042660.KS  rose more than 15% and 16%, respectively, in
Wednesday afternoon trade. 
    Shares rallied after South Korea's Yonhap news agency
reported on Tuesday that two U.S. senators introduced a bill to
allow the U.S. Navy to build naval vessels in a shipyard located
in a U.S. allied country. 
    

 (Reporting by Joyce Lee
Editing by Ed Davies)
 ((joyce.lee@tr.com;))