Hanmi Semiconductor surges thanks to Kospi 200 inclusion

[Courtesy of Hanmi Semiconductor]

Hanmi Semiconductor shares surged nearly 8 percent in early trading on Monday thanks to the news of their inclusion in the Kospi 200 index after a NVIDIA-led semiconductor boom in the United States.

The shares were trading at 159,400 won ($118) per share as of 9:26 a.m., up 7.92 percent from the previous trading day. The stock opened at 164,500 won, up 11.37 percent.

The company supplies high bandwidth memory (HBM) manufacturing equipment to SK hynix, Micron, and other companies. The industry is expected to maintain a positive outlook as NVIDIA continues to improve its performance, and the company’s inclusion in the Kospi 200 index from mid-June2024 is viewed as a potential source for an additional influx of investor funds.

Meanwhile, Doosan Enerbility shares also soared on Monday morning following reports that it would supply reactors and steam generator tubes to a small modular reactor (SMR) construction project in the United States.

The company’s participation in the project, which is being pursued by NuScale Power, the world‘s leading SMR technology company, gave investor sentiment a boost.

Doosan Enerbility shares traded at 19,990 won as of 9:20 a.m., up 9.47 percent from the previous session. The stock even hit the 23,000 won mark during the session, a new 52-week high.

Shares in other Doosan Group affliates including Doosan Corporation, Doosan Bobcat and Doosan Fuel Cell also saw gains.