SEOUL (Reuters) – Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, in Wednesday afternoon trade.
Shares rallied after South Korea’s Yonhap news agency reported on Tuesday that two U.S. senators introduced a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.
(Reporting by Joyce Lee; Editing by Ed Davies)
