U.S. stocks rise amid tensions between the U.S. and Iran; SK Hynix lists Nasdaq ADR
Despite escalating tensions between the United States and Iran, 10New York stocks opened higher early on the day, local time. On the same day, SK Hynix listed its American Depositary Receipts (ADR) on the U.S. Nasdaq and held an opening bell ceremony.
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Even as tensions between the United States and Iran intensified, New York stocks 10opened higher early on the day, local time. Investors were watching the impact of such geopolitical risks on global oil flows.
At 9a.m.38the Dow Jones30Industrial Average was up 77.51points from the previous session, at 52,564.92.
The Standard and Poor’s500index rose by 11.34points to 7,554.98.
The tech-heavy Nasdaq Composite 11.02points higher and 26,217.91remained at.
Market participants closely watched how tensions would affect crude oil movement and supply. As a result, they see a possibility that volatility in sectors linked to oil-related news could increase.
Meanwhile, SK Hynix held an opening bell ceremony on the U.S. Nasdaq to mark its American depositary receipt (ADR) listing. Chey Tae-won, chairman of SK Group; Chey Jae-won, vice chairman of SK Group; and Kwak Noh-jung, chief executive officer of SK Hynix, attended the event.
The Dow and the S&P 500% rose, and the Nasdaq 0.15% rose. In early trading, technology stocks were staying in slightly positive territory.0.04.
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