[Featured Stock] HD Hyundai Electric Rises on Factory Expansion News... New High

HD Hyundai Electric is showing strong performance following news of its transformer factory expansion. It recorded a 52-week high during trading.

As of 9:21 AM on the 20th, HD Hyundai Electric is trading at 431,500 KRW, up 13,500 KRW (3.23%) from the previous close. During the session, the price rose to 436,500 KRW, marking a 52-week high.

The news of the transformer factory expansion appears to have driven the stock price up. According to the power equipment industry, HD Hyundai Electric plans to invest approximately 400 billion KRW to expand its transformer factories in Alabama, USA, and Ulsan. This is the largest investment since its spin-off from HD Heavy Industries in 2017.

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