SK Innovation (096770) started the session with gains in early trading but reversed course to the downside in the afternoon as selling pressure mounted.

According to the Korea Exchange on the 24th, as of 2:47 p.m., SK Innovation was trading at 130,000 won, down 2,200 won (1.66%) from the previous trading day. The stock price had risen to as high as 135,800 won early in the session, demonstrating strength, but expanding sell orders later erased all gains and pushed the stock into negative territory.

Around the same time, overall investor sentiment in the domestic stock market also contracted significantly. The KOSPI fell 4.84% to 6,753.18, and the KOSDAQ dropped 4.81% to 752.22, with both major markets showing steep declines.

Market analysts predominantly attribute the impact on the domestic stock market to heightened geopolitical tensions between the United States and Iran, which have fueled risk-off sentiment. A surge in international oil prices and resurfacing inflation concerns are putting downward pressure on the broader market.

SK Innovation attracted buying interest early in the session on expectations of rising oil prices, but as the market's losses deepened, profit-taking sell orders appear to have emerged.

With the weekend approaching, investors are closely watching whether SK Innovation can narrow its losses and rebound in late trading or close out the week on a weak note.

[※ This article is for reference in making investment decisions and does not recommend buying or selling any specific stock. Investors are solely responsible for their investment decisions.]