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Japan and South Korea defense stocks jump after Hamas attack, aviation stocks slide

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Japan and South Korea returned to trade today after a public holiday on Monday.
Japanese and South Korean defense stocks surged on Tuesday as both stock markets returned to their first day of trading following the weekend attack of Israel by Palestinian militants Hamas.
Hamas launched a surprise and unprecedented attack on Israel on Saturday, driving Israel to declare war and launch a barrage of retaliatory strikes on the Gaza Strip, which is ruled by the militant group.
In South Korea, defense heavyweights Hanhwa Aerospace — which builds artillery and air defense systems — gained 2.

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