[Featured Stock] Soaring International Oil Prices Boost Alternative 'Wind Energy'... CS Wind Surges
![[Featured Stock] Soaring International Oil Prices Boost Alternative 'Wind Energy'... CS Wind Surges](http://www.asiae.co.kr/news/img_view.htm?img=2020110913421691007_1604896936.png)
[Asia Economy Reporter Ji Yeon-jin] Due to the surge in oil prices following Russia's invasion of Ukraine, wind power-related stocks are soaring on the 2nd.
CS Wind is trading at 55,600 KRW, up 10.23% (6,100 KRW) compared to the previous trading day as of 10:24 AM.
CS Wind is a company specializing in the production of towers, the pillar parts of wind turbines. The expectation that alternative energy will benefit from the soaring international oil prices caused by the Ukraine war appears to be reflected in this rise.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
As news of ongoing clashes between Russia and Ukraine spread, international oil prices surpassed $100 per barrel. On the 1st (local time) at the New York Mercantile Exchange (NYMEX), the April delivery futures price of West Texas Intermediate (WTI) crude oil closed at $103.41 per barrel, up 8% ($7.69) from the previous day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
