Lincoln Electric Holdings, Inc. shares rise 1.83% intraday after Indonesia's $8 billion refinery contract with KBR Inc.

Lincoln Electric Holdings, Inc. rose 1.83% in intraday trading. The stock's movement may be influenced by the recent trade pact between Indonesia and the United States, which led to a reduction in the threatened U.S. proposed tariff rate to 19% from 32%. This trade pact includes an $8 billion engineering, procurement, and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, which could positively impact the stock.