Tongyang Steel Pipe stock soared early on the 8th. It is interpreted that investor sentiment is focused on the potential participation in the liquefied natural gas (LNG) project in Alaska, USA, related to tariff negotiations.
As of 9:38 a.m. that day, Tongyang Steel Pipe stock is trading at 1,714 won, up 11.52% (177 won) from the previous trading day in the KOSPI market.
Tongyang Steel Pipe stock appears to be rising as expectations grow regarding the liquefied natural gas (LNG) project in Alaska, USA. Prospects have emerged that Korea could participate in the Alaska LNG development project, coinciding with tariff negotiations in the U.S. The Trump administration has continually pressured Korea and Japan to participate.
Earlier, Yeo Han-koo, head of the Ministry of Trade, Industry and Energy's trade negotiation headquarters, visited Washington, D.C., USA, on the 5th and 6th (local time) and held meetings with Jamieson Greer, representative of the U.S. Trade Representative (USTF), and Howard Lutnick, U.S. Secretary of Commerce.