Yonhap Infomax NewsSamsung Electronics and SK Hynix plunge over 6% in pre-market trading as oil prices breach $100 following Strait of Hormuz blockade and production cuts by major oil producers, erasing all weekly gains while defense and refining stocks buck the trend with Seoul Gas surging 18.81% and S-Oil rising 7.86%.
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[Oil Hits $100] Samsung, SK Hynix Plunge 6% in Pre-Market on Worst-Case Scenario, Erasing Weekly Gains
Samsung Electronics and SK Hynix plunge over 6% in pre-market trading as oil prices breach $100 following Strait of Hormuz blockade and production cuts by major oil producers, erasing all weekly gains while defense and refining stocks buck the trend with Seoul Gas surging 18.81% and S-Oil rising 7.86%.