[Special Stock] Hyosung ONB Rises Amid Threat of Black Sea Grain Deal Suspension
Hyosung ONB is showing strong performance, rising about 20% in early trading.
As of 9:56 AM on the 21st, Hyosung ONB is trading on the KOSDAQ market at 10,190 KRW, up 1,680 KRW (19.74%) from the previous day.
Hyosung ONB is a leading company in the supply of organic fertilizers within the NongHyup network.
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The reason for the strong performance of Hyosung ONB, a fertilizer-related stock, is that the 'Black Sea Grain Initiative,' which enabled maritime grain exports from Ukraine, a major global grain supplier, amid the Russia-Ukraine war, is facing suspension. Russia and the United Nations have agreed to hold talks to extend the agreement.
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