[Edaily Reporter Kim Hyung-il ] While both the KOSPI and KOSDAQ opened lower, the KOSPI extended its losses, while the KOSDAQ turned higher. The KOSDAQ, which had surged by over 6% the previous day—triggering its third “buy-side car” this month—fell early in the session but narrowed its losses before turning higher and regaining the 860-point level.

According to MP Doctor on the 11th, the KOSPI opened at 6,240.06, down 59.60 points (0.95%) from the previous trading day. The KOSDAQ opened at 848.59, down 5.88 points (0.69%).

As of 9:36 a.m., the KOSPI is trading at 6,233.09, down 65.57 points (1.04%) from the previous trading day. There are 602 gainers (including 1 at the daily upper limit), 30 stocks unchanged, and 270 decliners. The KOSDAQ is up 9.78 points (1.14%) at 864.25. There are 1,132 gainers (including 2 hitting the daily upper limit), 72 unchanged, and 506 decliners.

By investor type, on the KOSPI, retail investors and foreign investors are net buyers of 149.1 billion won and 27.7 billion won, respectively, while institutions are net sellers of 163.9 billion won. On the KOSDAQ, retail investors are net buyers of 170.3 billion won, while foreign investors and institutions are net sellers of 144.7 billion won and 26.7 billion won, respectively.

On the KOSPI, large-cap stocks fell 1.19%, while mid-cap and small-cap stocks rose 0.47% and 1.03%, respectively. By sector, electrical and electronics (-1.43%), transportation equipment and parts (-1.35%), manufacturing (-1.11%), and machinery and equipment (-0.84%) are all down.

Among the top market-cap stocks, SK hynix(000660)(-2.96%), SKSQUARE(402340)(-3.69%), SamsungElectroMechanics(009150)(-5.34%), HyundaiMotor(005380)(-0.98%), KB Financial Group(105560)(-1.05%), and HANWHA AEROSPACE(012450)(-1.74%) are all down. SamsungElectronics(005930)is also down 0.22%. On the other hand, LG Energy Solution(373220)(0.34%) and SAMSUNG BIOLOGICS(207940)(1.72%) are rising.

On the KOSDAQ, Alteogen Inc.(196170)(-0.14%) and ECOPRO BM CO., LTD.(247540)(-0.7%) are down, while ECOPRO CO., LTD(086520)(0.86%), Rainbow Robotics(277810)(1.12%), JUSUNG ENGINEERING Co.,Ltd.(036930)(9.81%), HLB INC.(028300)(1.97%), LEENO Industrial Inc(058470)(1.13%), ABL Bio Inc.(298380)(0.21%), WONIK IPS Co.,Ltd.(240810)(6.30%), SAM CHUN DANG PHARM CO. LTD(000250)(3.81%), among others, are rising.

By sector, machinery and equipment are up 2.7%, posting the highest gain. Medical and precision instruments (2.25%), chemicals (2.23%), and manufacturing (1.62%) are also rising.

Overnight, the New York stock market fell amid concerns over index levels, the stalemate in U.S.-Iran negotiations, and caution ahead of the July Consumer Price Index (CPI) release. The Dow Jones Industrial Average fell 0.11%, the S&P 500 dropped 0.06%, the Nasdaq declined 0.32%, and the Philadelphia Semiconductor Index fell 2.94%. This is believed to be due to West Texas Intermediate (WTI) crude oil prices rising above $80 again as U.S.-Iran negotiations hit a snag.

Han Ji-young, an analyst at KIWOOM Securities, stated, “Rising oil prices and interest rates due to the stalemate in U.S.-Iran negotiations, along with the aftermath of a pause in the U.S. stock market, are triggering short-term profit-taking among small- and mid-cap stocks that have recently experienced a consecutive rally. This is expected to lead to a rotation in trading across market capitalization and sectors.” She added, “While a rebound in the KOSDAQ and small- and mid-cap stocks may continue over the remaining four trading days this week, it is important to note that potential upside catalysts for the KOSPI—such as earnings from U.S. tech stocks and expectations for shareholder returns from domestic semiconductor stocks—are on the horizon.”