Middle East Tensions Fuel Surge in Energy Sector ETFs

Military tensions in the Middle East sent shockwaves through South Korea's exchange-traded fund (ETF) market, causing a sharp rotation towards energy sector funds.

As international oil prices surged past $100 per barrel, ETFs focused on crude oil and alternative energy products like solar and energy storage systems experienced significant gains.

The 'PLUS Solar & ESS' ETF led the pack with an 18.17% surge for the week, followed by 'TIGER Crude Oil Futures Enhanced(H)' at 15.25%, 'KODEX WTI Crude Oil Futures(H)' at 15.18%, and 'KODEX Renewable Energy Active' at 12.26%.

Analysts expect oil prices to remain high due to ongoing Middle East supply chain instability and declining global inventories, with some predicting that all-time highs could be reached sooner than expected.