Shares of South Korean jet fighter, aircraft engine, and weapon system manufacturers soared Monday after Chinese leader Xi Jinping threatening announcement.
Xi said that China would never allow any foreign force to bully, oppress, or enslave them in the speech to mark the 100th anniversary of the ruling Communist Party. He added that anyone who tries to do so shall be battered and bloodied
The stern warning pushed defense stocks traded on the Kospi slightly up on Friday and another momentum boost on Monday.
Stocks of Hanwha Aerospace Co., South Korea's only aircraft engine maker, soared 10.42 percent to close at 53,500 won.
It also exhibited an intraday high of 54,500 won, which was its strongest level in nearly five years.
Foreign investors purchased a net 576.2 billion won worth of the stock, while institutional investors bought a net 211.9 billion won.


Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Australian Household Spending Dips in December as RBA Tightens Policy
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 



