[Edaily Reporter Kim Kyung-eun] Construction stocks are rallying across the board on expectations of reconstruction demand following the ceasefire agreement between the U.S. and Iran.
According to MP Doctor on the 15th, as of 9:05 a.m. today, #SamsungE&A is trading at 57,000 won, up 5,100 won (10.71%) from the previous close. #HL D&I is trading at 2,795 won, up 170 won (6.48%) from the previous trading day.
At the same time, #DL E&C (5.68%), #Daewoo E&C (5.49%), and #GS E&C (5.38%) are also rising in tandem.
This is interpreted as reflecting expectations that construction companies will benefit from increased reconstruction demand now that the war between the U.S. and Iran has effectively ended.
U.S. President Donald Trump posted on the social media platform Truth Social around 5:30 p.m. Eastern Time on the 14th, stating, "An agreement with Iran has just been finalized."
Reuters and AFP reported that Kazem Gharibabadi, Iran’s Deputy Foreign Minister, said in a TV interview that a “permanent and immediate ceasefire has been declared on all fronts, including Lebanon.”
The specific details of the Memorandum of Understanding (MOU) on the end of the war are expected to be released soon. The signing ceremony for the end of the war will take place in Switzerland on the 19th.
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