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Investing.com -- Hanwha Aerospace, a South Korean defense company, saw its shares surge to a record 643,000 won ($445.82) on Tuesday, marking an 11.4% rise and leading a rally in the country's defense stocks.
This surge outperformed the benchmark Kospi's modest 0.6% gain.
Hanwha Aerospace, a manufacturer of self-propelled howitzers and aircraft engines under the Hanwha Group, distinguished itself among local peers.
Other defense stocks also experienced increases. Shares of LIG Nex1, a guided-missile supplier, rose by 9.1%, while Korea Aerospace Industries, a fighter-jet maker, saw a 7.4% increase in shares.
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