North-South Economic Cooperation Stocks Surge Amid Potential Trump-Kim Meeting
Stocks related to North-South economic cooperation are showing strong performance. This surge is attributed to reports that U.S. President Donald Trump has been discussing the possibility of meeting with North Korean leader Kim Jong-un during his upcoming visit to Asia for the Asia-Pacific Economic Cooperation (APEC) summit.
As of 9:26 AM on the 20th, CodeZ Company is trading at 3,110 won, up 460 won (17.36%) from the previous day. CodeZ Company is classified as a North-South cooperation stock due to its largest shareholder, Cotton Club, having been a tenant in the Kaesong Industrial Complex.
Another company related to the Kaesong Industrial Complex, Shinwon, is also classified as a North-South cooperation stock, experiencing an increase of 5.52%. Furthermore, stocks like Busan Industrial (up 6.13%) and Daehan IT (up 4.27%), which are themed around infrastructure investment in North Korea, are also performing well. Additionally, Ananti, a company associated with North Korean tourism, has risen by 4.24%.
Over the past weekend, foreign media reports ignited investor sentiment towards North-South cooperation themes with indications of potential dialogue between the U.S. and North Korea. According to CNN, U.S. administration officials have been discussing privately the possibility of President Trump meeting with Kim during his Asia trip at the end of this month. However, CNN also noted that there has been no communication with North Korea so far.
Despite this, analysts suggest that the unpredictable nature of President Trump leaves open the possibility for a surprise event similar to his June 2019 meeting with Kim and then-South Korean President Moon Jae-in at Panmunjom.
This evolving situation continues to attract attention from investors, highlighting the delicate balance of diplomatic relations and economic interests in the region.
As of 9:26 AM on the 20th, CodeZ Company is trading at 3,110 won, up 460 won (17.36%) from the previous day. CodeZ Company is classified as a North-South cooperation stock due to its largest shareholder, Cotton Club, having been a tenant in the Kaesong Industrial Complex.
Another company related to the Kaesong Industrial Complex, Shinwon, is also classified as a North-South cooperation stock, experiencing an increase of 5.52%. Furthermore, stocks like Busan Industrial (up 6.13%) and Daehan IT (up 4.27%), which are themed around infrastructure investment in North Korea, are also performing well. Additionally, Ananti, a company associated with North Korean tourism, has risen by 4.24%.
Over the past weekend, foreign media reports ignited investor sentiment towards North-South cooperation themes with indications of potential dialogue between the U.S. and North Korea. According to CNN, U.S. administration officials have been discussing privately the possibility of President Trump meeting with Kim during his Asia trip at the end of this month. However, CNN also noted that there has been no communication with North Korea so far.
Despite this, analysts suggest that the unpredictable nature of President Trump leaves open the possibility for a surprise event similar to his June 2019 meeting with Kim and then-South Korean President Moon Jae-in at Panmunjom.
This evolving situation continues to attract attention from investors, highlighting the delicate balance of diplomatic relations and economic interests in the region.
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