economy
January 9, 2026
Hanwha Aerospace soars 11%, leading Asian defense stocks rally
Asia-Pacific markets traded mixed Friday as investors parsed China's inflation data.
TL;DR
- Defense stocks in Asia advanced due to geopolitical tensions.
- South Korean defense stocks like Hanwha Aerospace, Poongsan, and Korea Aerospace saw significant increases.
- Japanese companies Kawasaki Heavy Industries and IHI also experienced stock price rises.
- China's CSI 300 index rose slightly, with consumer prices increasing 0.8% and factory-gate prices dipping 1.9%.
- Hong Kong's Hang Seng Index and Japan's Nikkei 225 both saw gains.
- Fast Retailing shares jumped over 7% after reporting a strong quarterly profit and raising its full-year forecast.
- South Korea's Kospi and Kosdaq indices added to their values.
- Australia's S&P/ASX 200 saw a slight dip, with Rio Tinto shares falling over 6% due to buyout talks with Glencore.
- U.S. equity futures were relatively stable ahead of a jobs report and a Supreme Court ruling on tariffs.
- Overnight in the U.S., the Dow Jones Industrial Average rose, while the Nasdaq Composite declined.
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