[Featured stock] Airline stocks soar as international oil prices plunge… Korean Air 9% range↑

As international oil prices plummeted due to expectations of easing tensions between the United States and Iran, airline stocks are showing strength in the domestic stock market on the 10th.

As of 9:42 am on this day, Korean Air [003490] recorded 31,900 won in the stock market, up 9.62% from the previous price.

It rose 12.71% in early trading to 32,800 won, hitting a 52-week intraday high.

Korean Air [003495], a preferred stock, soared 29.98% to 38,150 won, indicating the upper limit.

Other airline stocks are also strong, including Asiana Airlines [020560] (8.86%), Jeju Air [089590] (5.71%), and Hanjin KAL [180640] (10.6%). All of these stocks broke their 52-week record highs during the day.

In a phone interview with CNN on the 8th (local time), U.S. President Donald Trump said, "It is very unlikely that it will be necessary" to resume military strikes against Iran, assuming an agreement between both sides.

President Trump also wrote in a post on social media TruthSocial after meeting with Qatari Prime Minister Mohammed bin Abdulrahman Al Thani at the White House the previous day (local time), "We are seeing positive momentum toward an end to this conflict."

Accordingly, the closing price of West Texas Crude Oil (WTI) futures for December delivery was $86.85 per barrel, down $3.98 (4.38%) from the previous day, and the closing price of Brent crude oil futures for January delivery was $92.57 per barrel, down $5.75 (5.85%) from the previous day.

Ahn Do-hyun, a researcher at Hana Securities, said about the aviation industry on this day, "Next year, the peak of oil prices (passing the peak), cost reductions due to the strengthening of the won, and recovery in outbound (overseas travel) demand are expected to occur simultaneously."