South Korea defense stocks soar with heavyweight Hanwha Aerospace surging 22% as traders react to Iran war
By Lim Hui Jie
Published on March 3, 2026.
South Korean defense stocks saw significant gains after the country's markets returned from a public holiday. Heavyweight Hanwha Aerospace saw a 22% surge in shares, while Korea Aerospace Industries saw over 7%. Shares in Lignex1, maker of South Korean air defense systems, also rose by 30%, and other companies including Vandelev. The sector's gains contrast to the wider Kospi, which is currently leading losses in Asian markets.
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