South Korea defence stocks surge after Iran war

South Korea defence stocks surge after Iran war Defence stocks in South Korea have surged in the weeks following the outbreak of the U.S.-Israeli conflict involving Iran, Yonhap news agency reported, citing market data. Hanwha Aerospace’s market capitalisation rose 11.7 percent to 68.8 trillion won ($45.1 billion), while LIG Nex1 jumped 44.4 percent and Hanwha Systems Co gained 9.2 percent. The gains came as other sectors declined, with Hyundai Motor Co’s market value falling 26.6 percent over the same period, acco