As international oil prices spiked on concerns that the Iran situation could drag on, domestic blue chips Samsung Electronics and SK hynix fell together in premarket trading.
As of 8:40 a.m. on the 9th, Samsung Electronics fell 13,200 won (7.01%) from the previous session to 175,000 won. SK hynix traded down 6.93% at 860,000 won.
Investor sentiment appears to have worsened on expectations that the war could be prolonged as Iran shows a strong will to resist. On the 8th (local time), a Spokesperson for the Islamic Revolutionary Guard Corps (IRGC) told the semi-official Fars News Agency that "we are prepared to wage an intense war against the United States and Israel for at least six months."
As U.S. President Donald Trump warned that Iran's next leader who does not have his approval would not last long, Mojtaba Khamenei, the second son of Supreme Leader Ayatollah Sayyid Ali Khamenei, was chosen as the next supreme leader.
With geopolitical tensions from the Middle East intensifying, international oil prices at one point topped $100 per barrel. On the 8th, Brent, the global benchmark, rose 16.19% to $107.70 per barrel, and West Texas Intermediate (WTI) rose 18.98% to $108.15. It is the first time since July 2022 that WTI has exceeded $100 per barrel.