As international oil prices retook $100, investment sentiment is flocking on the 13th to SK eternix, which has alternative energy such as solar and wind power.
As of 9:44 a.m. that day, SK eternix was trading at 41,800 won on the Korea Exchange, up 4,450 won (11.91%) from the previous session. It rose to as high as 43,700 won intraday, setting a 1-year high.
Earlier, Mojtaba Khamenei, elected as Iran's new supreme leader, said in his first official statement that "we must continue to use the lever of blocking the Strait of Hormuz as a means of applying pressure to enemies." The Strait of Hormuz is a strategic chokepoint through which 20% of the world's crude oil passes.
On news of a Hormuz blockade, oil prices broke back above $100. The May delivery Brent crude futures settled at $100.46 per barrel, a sharp rise of 9.2% from the previous session, and the April delivery West Texas Intermediate (WTI) futures settled at $95.73 per barrel, up 9.7% from the previous session.