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South Korean Refinery Stocks Rise as Renewed US-Iran Fighting Sends Oil Prices Soaring Image: ์—ฐํ•ฉ๋‰ด์Šค
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

South Korean Refinery Stocks Rise as Renewed US-Iran Fighting Sends Oil Prices Soaring

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Ongoing story
  • South Korean refinery-related stocks rose early on July 2 as renewed US-Iran fighting drove international oil prices higher.
  • Heung Kook Petroleum gained 10.97% to 11,330 won, while Jungang Energyvis rose 4.11% to 12,170 won at 9:41 a.m. on the KOSDAQ market.

South Korean refinery stocks moved higher at the start of trading on July 2 after armed clashes between the United States and Iran escalated again, sending international oil prices sharply upward.

At 9:41 a.m. on the KOSDAQ market, Heung Kook Petroleum had risen 10.97% from the previous session to 11,330 won. Jungang Energyvis was up 4.11% at 12,170 won.

The early strength in refinery shares followed the surge in global oil prices linked to the renewed US-Iran conflict.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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