Oil price plunge boosts S.Korea's airline shares, pulls down refineries

Jin Air Co

24/05/2019 01:44

** South Korean airline shares jump, while refiners trade
down on falling oil price
    ** Oil prices plunge, losing about 5% as trade tensions
dampen the demand outlook, putting the crude benchmarks on
course for their biggest daily and weekly falls in six months
 urn:newsml:reuters.com:*:nL4N22Z03X
    ** Shares of Korean Air Lines  003490.KS  gain 2.3%, while
those of its budget affiliate Jin Air  272450.KS  rise 5%
    ** Hanjin Kal  180640.KS , the parent of Korean Air Lines,
rises 2.8% 
    ** South Korean refiners SK Innovation  096770.KS  and S-Oil
 010950.KS  drop 2.4% and 1.6%, respectively
    ** The broader KOSPI market  .KS11  was trading down 0.6%

 ((hayoung.choi.thomsonreuters.com@reuters.net))