The Korea Times
The market capitalization of defense stocks rose while that of auto and shipbuilding shares fell on the benchmark Korea Composite Stock Price Index (KOSPI) about a month after U.S.-Israeli air strikes on Iran, bourse data showed Sunday. According to data by the Korea Exchange (KRX), Samsung Electronics retained the top spot in market capitalization, with 1,063.8 trillion won ($705 billion) as of Friday, followed by SK hynix with 657.1 trillion won. Top carmaker Hyundai Motor remained in third place, but its market value declined 26.6 percent to 101.3 trillion won between Friday and Feb. 27, a day before the outbreak of the military conflict in the Middle East, as prolonged regional tensions disrupted the global supply chains and pushed up oil prices. Its sister Kia slipped two notches to ninth place, with its market cap plunging 24.2 percent over the same period. Major shipbuilder HD Hyundai Heavy Industries saw its market value decline 17.3 percent, dropping to 11th place from ninth. However, defense giant Hanwha Aerospace saw its market capitalization increase 11.7 percent to 68.8 trill
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