Hyundai Rotem shares fell slightly due to profit-taking across defense stocks and a lack of buying momentum, despite the announcement of a contract win for the Taoyuan Brown Line E&M project in Taiwan.

Hyundai Rotem secured a ₩344.5bn contract for the Taoyuan Brown Line E&M project; however, the revenue impact is limited (5.9%), and the market is prioritizing actual profit realization over order size. Despite retail buying, net selling by foreign and institutional investors prevented a share price rebound.